Mergers & Acquisitions

Mitchells & Butlers, advised by Savills, has completed an off-market acquisition of the Charwood Bar and Grill on Buckstone Terrace in Edinburgh from a private seller. The UK operator of restaurants, pubs and bars will reopen the 6,000 sq ft site later in 2026 as a Miller & Carter Steakhouse

Trident Maintenance Services Ltd, a well-established provider of building maintenance, refurbishment, and improvement services across England and Scotland, has been acquired by Cardo Group. Founded with a clear vision to deliver a more people-focused, collaborative approach to service delivery, Trid

BDO UK and BDO Ireland have exchanged contracts following a successful partner vote for the proposed merger of the two organisations. Completion is expected in Spring 2026, subject to regulatory approval.

Higgs LLP has acquired Edinburgh-based Vialex Limited, together with its specialist employment law arm Navigator Employment Law Limited.  Vialex Limited is a provider of corporate and commercial legal services to high growth, mid-market and private equity backed owner-managed businesses and is

TC Group, a UK-wide accountancy and advisory firm, has expanded its Scottish presence by merging with the long-established MMG Chartered Accountants. Founded in Dundee in 1927, MMG brings a century of expertise and a network of seven locations across Scotland to the partnership. The deal follows TC

Geoff Jacobs and Alistair McAlinden from Interpath were appointed joint administrators to Trojan Energy Limited on 9 February 2026 and immediately implemented a sale of the business and assets via a pre-pack process to Urban EV Infrastructure Limited, a subsidiary of Connected Kerb Limited. Founded

NatWest Group has agreed to acquire wealth manager Evelyn Partners from funds advised by Permira and Warburg Pincus for an enterprise value of £2.7 billion. By integrating Evelyn Partners’ £69bn in assets under management with NatWest’s existing portfolio, the combined entity

Scotland-founded AAB and Kreston Reeves have announced a deal that propels the combined business beyond the £200 million annual revenue threshold. Supported by investment from Goldman Sachs Alternatives, this partnership represents AAB’s largest deal to date and its 18th since 2021. The

The boards of OneFamily and Scottish Friendly have announced a proposal to merge, a move set to create one of the UK's largest mutuals. Expected to take effect in early 2027 subject to regulatory approval, the unified organisation will oversee nearly £10 billion in assets under management whil

Increased economic optimism, a surge in private equity (PE) activity and rising numbers of owners looking to exit could drive an increase in activity in the UK mergers and acquisitions market during 2026, according to a new report. These are just some of the predictions within the 2026 MHA Global Tr

BDO Scotland’s deal advisory team has advised on 46 completed deals in 2025, with a combined enterprise value of £1.5 billion. Across the year, almost two thirds of the transactions (29) had private equity involvement, an increase of over 30% on the prior year, with a further 17 deals in

Drax Group has agreed to acquire Edinburgh-based energy optimiser Flexitricity from Quinbrook in a deal valued at £36 million. The transaction, which is subject to regulatory approvals, is expected to complete in the first quarter of 2026 and is projected to yield returns significantly above t

Investment manager Downing has supported long-term partner Care Concern Group in the acquisition of three newly built elderly care homes in Scotland. This latest investment marks another milestone in the strong partnership between Downing and Care Concern, aimed at delivering exceptional standards o

Armstrong Watson has advised on the sale of long-standing family business operating four service stations across Dumfries and Galloway, as it enters a new chapter under the ownership of Grove Retail Limited. St Michael’s Services, which runs service stations in Dumfries, Newton Stewart, St Joh

Mining giants Rio Tinto and Glencore have resumed negotiations regarding a potential £190 billion deal that would establish the world’s largest mining company. On Friday, the two firms confirmed preliminary discussions concerning a combination of businesses, expected to be structured as