The firm’s 2021 mergers and acquisition activity has reportedly exceeded its previous records, representing the “highest deal value in the firm’s 20-year history”.
This includes supporting sixth generation family business, the Donaldson Group, with its acquisition of Stewart Milne Timber Systems, marking its entry into the timber frame market, along with Kitchens International, Scotland’s independent kitchen retailer.
Meanwhile, in the energy sector, AAB completed the transaction of Waldorf Energy’s £330m acquisition of Cairn Energy’s interests in the Catcher and Kraken’s fields in the North Sea.
The firm also completed 15 deals within the tech sector during 2021, including advising on the sales of Drivercheck to Ebbon-Dacs, Suretec to Telcoswitch and C-SAM to Jonas Software.
Additionally, AAB supported a number of fund-raising exercises in the tech sector, including the investments in isol8 by BGF, Forev by Scottish National Investment Bank and Intebloc by Stena Drilling.
AAB has also reportedly experienced a “record year” for transaction support deals, such as supporting GEG Capital with its acquisition of Genesis Personnel, BGF’s investment in Kick ICT, Agilitas-backed Learning Curve Group’s acquisition of Motivational Preparation College for Training (MPCT), and Puma Private Equity’s investment in Everpress.
Douglas Martin, CCO and head of Corporate Finance at AAB, said: “This is an exciting time for us as we continue to build our deal-making presence across the UK. We are delighted to have enjoyed a very successful year on the back of our commitment to expand our geographical and sector coverage in line with the growth plans.
“This achievement is a clear testament to the team’s continued drive, ability and entrepreneurial spirit to initiate and deliver transactions across the UK. Given the fantastic pipeline of deals we have going into 2022, we’re excited about what this year will bring.”