Edinburgh law firm closes deals of more than £5 billion

Edinburgh law firm Shepherd and Wedderburn has every reason to celebrate after closing deals of more than £5 billion in 2015.
The company closed more than 97 deals with an aggregated value of £5.4 billion, according to its newly-published corporate review.
It amounts to a record year of corporate deals, mergers and acquisitions for the firm.
Andrew Blain, head of Corporate, said: “Our top ranked corporate practice has a strong track record in advising some of the country’s fastest growing and most agile companies and our ability to quickly understand their goals has enabled us to close a significant number of high value and complex deals in Scotland, the City and overseas during the course of 2015. 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 deals among those completed by the firm included FanDuel, one of Scotland’s two tech companies recently valued at more than US$1bn, in its US$275 million Series E equity financing; and the sale of healthcare device maker, Aircraft Medical to Medtronic for US$ 110 million.
Energy and renewables also 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 world famous 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.
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