Mergers & Acquisitions

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

Cardo Group has completed the acquisition of Paisley roofing business Faskin Group. Founded in 2010 by Frank and Karen O’Hara, Faskin Group has over 50 years of combined experience. Faskin’s approach has earned a strong reputation for excellence, long-standing client relationships, and s

Bridgepoint has agreed to purchase a majority stake in Interpath, the former restructuring division of KPMG, in a deal that values the advisory business at approximately £800 million. This acquisition represents a significant exit for HIG Capital, which originally bought the unit from the Big

Scottish manufacturers are preparing for a wave of M&A and fresh investment in supply chain resilience in 2026, according FRP Advisory. Of the Scottish manufacturing senior decision makers polled for FRP’s new report The Manufacturing Agenda, nearly a third said they expect their boards to

Elizabeth Pirrie, the CEO of the business incubator AccelerateHER, has acquired full ownership of the company. Having served as chief executive since 2022, Ms Pirrie described the acquisition as "both a continuation and a new chapter". She has not disclosed specific details regarding the transaction