Burness LLP advises the Management Team of McKinnon and Clarke
Leading Scottish law firm Burness LLP has advised the management team of McKinnon and Clarke, one of the world's leading energy consultancies and largest specialist provider of engineering based utility cost analysis services, on the management buyout of the business. The deal valued the business which operates across the UK, Europe, India and South East Asia at £22.1m and was backed by the private equity house, Lyceum Capital.
Mark Ellis, partner in the Corporate Finance team who led this transaction for Burness said:
"We were pleased to be involved in advising the management team of innovative energy sector specialists McKinnon and Clarke in its management buy out. In recent months Burness has been delighted to report a string of significant transactions in a difficult global economy and this private equity deal is a further evidence of market confidence in our expertise. Last month our corporate finance team advised on the sale of Howie Group Limited to BSW."
Other recent transactions include advising SeaEnergy PLC (formerly Ramco Energy PLC) in relation to its £7.5m equity fundraising with Lanstead Capital LP; acting for Bluegem Capital Partners in its proposed £17.3m investment in AIM listed Panmure Gordon; advised Standard Life on its £24.2m takeover of AIM listed Vebnet Plc; advising on the management buy-out of Jazz FM acting on behalf of a consortium of investors including Herald Ventures and Kinmont; and advising Highland Spring in relation to its acquisition of Speyside Glenlivet Water Co.
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