Dundee entrepreneur Tony Banks paid £8.26 million to acquire Eden Mill out of administration, a newly released administrators’ report has revealed.
Mergers & Acquisitions
Borders law firms Douglas Gilmour & Son in Selkirk and Pike & Chapman in Galashiels are to merge and trade as Gilmour Pike Chapman. From 1 April 2026, the firm will become Gilmour Pike Chapman Limited. The practice will continue to operate from the same office locations.
Property services firm Bellrock has acquired Scotland-based property and construction consultancy Axiom. Axiom will join Bellrock’s consulting division, alongside Summers Inman, JRP, Oakleaf & Nifes and C&P. The business will continue to be led by managing director, Gary Logue, who wil
AAB has acquired GS Verde Group, marking its expansion into Wales and the South West, while establishing a platform to build a key regional hub. The GS Verde Group operates as a multi-discipline advisory firm, specialising in guiding businesses through a wide range of corporate transactions includin
Edinburgh-based AI and data consultancy Optima Partners has secured investment from Growth Capital Partners (GCP) to accelerate its expansion across the UK and Europe. The transaction facilitates a successful exit for early investor BGF, which first backed Optima in 2022. The deal delivered a 4x ret
Maven Capital Partners has sold ibis Styles Glasgow Centre George Square to an undisclosed international hotel group, for a total consideration of approximately £7.5 million.
Professional services group S&W has expanded into Scotland with the acquisition of Haines Watts Scotland, operating across Edinburgh, Kirkcaldy, and Stirling. This move strengthens S&W’s UK footprint and builds on its recent northern growth, following the acquisition of the businesses
Digital project consultancy Waracle has acquired HackSoft, a software development consultancy based in Sofia, Bulgaria. This deal marks a significant milestone for Waracle, representing its first geographic expansion outside the United Kingdom.
AAB has appointed a new non-executive director alongside the closure of the deal agreed by Goldman Sachs Alternatives to acquire the firm from August Equity. The transition marks a significant milestone for AAB, positioning the company to maintain its trajectory of sustained growth, while ensuring c
FRP Advisory has acquired Arc & Co Structured Finance Limited (Arc & Co) as it continues its national expansion. Headquartered in London, Arc & Co provides FCA-regulated financial advisory services to UK and international clients in the real estate sector. Since 2008, it has built a repu
Regional private equity and real assets investment manager Foresight Group, has announced it is investing into Mclaggan + co, joining existing investors, Glasgow-based investment firm, N4 Partners. For more than fifty years, Mclaggan has been collaborating with artists and designers to offer screen-
Shares in Wood Group have resumed trading on the London Stock Exchange, surging as much as 38% after a suspension lasting more than five months.
Aberdeen Group plc has announced it has reached agreement to increase its interest in Tritax Management LLP, one of the UK’s largest logistics managers, reinforcing its commitment to long-term growth and leadership in the UK logistics real estate sector. Following the initial acquisition of a
Cooper Parry (CP) has continued its private equity-backed growth acceleration with the acquisition of Aberdeen-headquartered accountancy firm Hutcheon Mearns. This marks CP’s sixth deal since partnering with New York-based private equity firm Lee Equity Partners earlier this year. The deal pus
Souter Investments, the private equity focused family investment office, has announced its backing of Duke Street in its acquisition of McAvoy, a provider of high-quality modular buildings and social infrastructure. McAvoy marks Souter’s seventh deal with Duke Street, following its recent co-i

