2013 Deals Review

AAB’s Corporate Finance Team 2013 Deals Review We have had another fantastic year in 2013 and remain the top dealmakers in Scotland* both in terms of deals initiated and deals completed (by accountancy firms). We completed 45 deals during 2013…

News10th Jan 2014

By Sarah Simpson

AAB’s Corporate Finance Team 2013 Deals Review

We have had another fantastic year in 2013 and remain the top dealmakers in Scotland* both in terms of deals initiated and deals completed (by accountancy firms).

We completed 45 deals during 2013 with a combined deal value in excess of $500million. Included within our review is a selection of deals we completed during 2013. We continue to be heavily involved in deal initiation activities and we are delighted that of the 45 deals completed during 2013 we initiated 18 (40%) of those transactions.

Our disposal mandates in the oilfield services sector in 2013 included the disposal of Enovate Systems to Aker Solutions, the disposal of K&L Ross to Red Wing, the disposal of Gibb Tools to Clarkson plc, the disposal of EPC Offshore to Costain Group and the disposal of a majority stake in C.R. Encapsulation to FrontRow Energy Partners.

We also supported a number of clients in fund-raising and investment activities in the oilfield services sector, including the acquisition of a majority stake in Oteac by Lonsdale Capital Partners, the raising of growth capital from Bank of Scotland by Survivex, the investment in Petrotechnics by Business Growth Fund and the raising of further growth capital from Maven and RBS by Fletcher Shipping.

We continue to be involved in a significant number of deals in other industry sectors, including most notably the property/construction and support services sectors in 2013. Transactions completed last year included the disposal of Vacman Cleaning to VPS, the disposal of Plant Shifters to GCSS and several debt and mezzanine fund-raising projects for house builders and property development companies.

We would like to thank our many clients and contacts who continue to support AAB. Whilst we are extremely pleased with our success in 2013, we continue to strive to do even better in 2014. We look forward to working with you in the year ahead.

* Based on us being top of the Scottish Business Insider deal tables each year from 2005-2013 (latest available figures to end of Q3 for 2013).