2016 may be even better year
Record deals for Shepherd & Wedderburn
Andrew Blain, Head of Corporate at Shepherd and Wedderburn said the firm had closed “a significant number of high value and complex deals in Scotland, the City and overseas”.
He added:”Early indications of market activity so far this year suggest that the levels of activity experienced in 2015 look like being exceeded in 2016.”
Notable among the deals completed by the firm were fantasy sports games firm FanDuel in its $275m Series E equity financing, and the sale of healthcare device maker, Aircraft Medical to Medtronic for $110m.
In addition to technology businesses, energy and renewables formed a nucleus of activity for the corporate team, and in that sector, it continues to act as lead adviser to REIF in relation to its significant equity and project finance investment into the MeyGen tidal array project.
The deal is recognised as ground-breaking for the marine and tidal sector, and critical for Scotland’s profile as an innovator in the development of marine energy. It was the world’s first commercially financed tidal project.