David McGrory
MACLAY MURRAY & SPENS LLP
1 George Square, Glasgow G2 1AL Telephone: 0330 222 0050 Fax: 0330 222 0053 Email: lawyer@mms.co.uk Website: www.mms.co.uk Office locations: Aberdeen, Edinburgh, Glasgow, London Deal types: Early stage/start-up; acquisition/disposal; MBO/MBI/BIMBO; refinancing; development finance; PFI; corporate recovery/reconstruction; listing – AIM, UK stock exchange, overseas. Maclay Murray & Spens LLP is one of Scotland’s largest independent law firms with offices in Aberdeen, Edinburgh, Glasgow and London. We are a full-service law firm, top ranked in nine categories in the most recent edition of The Legal 500. We act for a wide range of clients throughout the UK and beyond – public bodies, educational institutions, government, regulators, private individuals, partnerships, private companies and public limited companies.
Ian Lumsden
Position: Partner Age: 63 Qualifications: BA, LLB Career history: Qualified Maclay Murray & Spens, 1976; assistant, 1976; Slaughter & May, assistant, 1978; Maclay Murray & Spens, partner, 1980. Recent deals: Advising Weir Group on its £23m disposal of LGE Process, its £56m disposal of Strachan & Henshaw and other disposals and acquisitions; advising management of MB Aerospace on original buy-out, various acquisitions and disposals and secondary buy-out; advising shareholders of HiFX on its £145m disposal to Euronet worldwide Inc; involved in various investment trust transactions.
Susan Kelly
Position: Partner Age: 43 Qualifications: LLB, DipLP Career history: Qualified Maclay Murray & Spens, 1993; assistant solicitor, 1993; Bank of Scotland, secondment, 1994; associate, 1996-98; Maclay Murray & Spens, partner, 1998; head of banking and finance department, 2001; head of finance division, 2010. Member of Court, University of Strathclyde, 2014. Recent deals: Acting for BPI plc, John Menzies plc, Devro plc, and Baxters Food Group in their recent refinancings. Acting for Noumra in relation to funding Bestway’s acquisition of the Co-op pharmacies.
Michael Livingston
Position: Partner Age: 56 Recent deals: Advising Prudential on acquisition of Royal London annuity business; advising Mellon on acquisition of Walter Scott; advising Lloyds on various banking business transfer schemes; advising Prudential, Chesnara and Aberdeen on insurance business transfer schemes.
Kenneth Shand
Position: Chief executive Age: 54 Qualifications: LLB, DipLP Career history: Qualified, Maclay Murray & Spens, 1984; McKenna & Co, assistant, 1988; Maclay Murray & Spens, partner, 1989. Recent deals: Various projects for The Edrington Group, Baxters Food Group, National Tyre Services and Isle of Harris Distillers.
Iain Sutherland
Position: Partner Age: 43 Qualifications: LLB, DipLP Career history: Qualified McGrigor Donald, 1995; Henderson Boyd Jackson, 1996; Maclay Murray & Spens, 1999; Partner, 2003. Recent deals: Advising Indigo Pipelines on the acquisition of SSE Pipelines through the newly established Environmental Capital Fund which was set up by, and is managed by, Scottish Equity Partners; advising Energetics Networked Energy and its management shareholders on a refinancing of the group and equity investment by Macquarie Bank; and advising Scottish Equity Partners on its investments into Pure360 and Tryzens.
Brian Moore
Position: Partner Age: 39 Qualifications: LLB (Hons), DipLP; dual qualified Scotland and England Career history: Scottish Law Commission, 1996; qualified, Maclay Murray & Spens, 1999; partner, 2008; secondment to Clyde Blowers, 2005. Specialises in UK and international public and private M&A; corporate finance; restructurings; commercial contracts; joint ventures. Recent deals: Advising Superglass Holdings plc on three debt and equity refinancings valued at over £50m and its transfer to AIM; advising Robert Wiseman Dairies plc on £280m recommended takeover by Müller Dairies (UK) Ltd; advising First Milk Ltd on its long-term strategic partnership with Adams Foods Ltd.
Position: Partner Age: 39 Qualifications: LLB (Hons), DipLP, NP Career history: Joined Maclay Murray & Spens, 2001; senior solicitor, 2003; associate, 2005; head of venture capital, 2009; partner, 2010. David also serves as a non-executive director on the board of SPFL football club, Dundee United. Recent deals: Advising Scottish Equity Partners in relation to several investments including Media Ingenuity, Arkex, IndigoVision, WAYN, Skyscanner, Pure 360 and Tryzens; Scottish Enterprise on seed, co-investment and venture fund investments; MB Aerospace Holdings on the secondary buy-out by Arlington Capital and acquisition of Delta Industries; Aquamarine Power; and DySISmedical.
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IN ASSOCIATION WITH
David Young
Position: Partner Age: 38 Qualifications: University of Edinburgh, LLB (Hons), DipLP Career history: Qualified Maclay Murray & Spens, 2001; senior solicitor, 2004; associate 2007; partner, 2009. Recent deals: Advising Dalmore Capital on the establishment of the c£500m Pension Infrastructure Platform PPP Equity fund and the completion of numerous investments for this fund; advising Railways Pension Scheme on a £440m investment in debt instruments structured through a Luxembourg SV; advising Aberdeen Asset Management on a number of private equity coinvestments alongside UK and EEA buyout funds using limited partnership and Luxco structures.
Andy Lowe
Position: Partner, Aberdeen Age: 44 Qualifications: BSc (Hons) Medical Science, LLB, DipLP; qualified in Scotland, England and Wales, states of Victoria and New South Wales in Australia; Advocate of the Royal Court of Guernsey. Career history: Qualified Dickson Minto, 1998; Corrs Chambers Westgarth (Melbourne), 2000; Ogier (Guernsey), 2006; joined Aberdeen office of Maclay Murray & Spens as partner in 2013. Specialises in M&A, private equity, joint ventures, corporate restructures, capital raisings, investment funds and general corporate and commercial matters across a range of industry sectors, including food and drink, energy and resources, life sciences and biotechnology, transport and infrastructure and golf and leisure club establishment. Recent deals: Aberdeen Asset Management’s acquisition of SWIP from Lloyds Bank; Sale of AGR Group’s global petroleum services business to Silverfleet Capital; Cooke Aquaculture’s acquisition of Meridian Salmon from Marine Harvest. Acted for several other blue chip clients, including Baxters Food Group, Foster’s, Dana Petroleum, Waitrose, ANZ Bank and Troon Golf; also numerous smaller enterprises including family-owned businesses and early-stage biotechnology companies. Before turning to the law, pursued a medical career and holds a first-class honours degree in medical science.
Bill Fowler
Position: Partner Age: 46 Qualifications: LLB (Hons), DipLP, PG Cert (Distinction) oil and gas law, dual qualified English/Scots law Career history: MacRoberts, assistant/associate, 1992-2000; Kymata Ltd, corporate counsel, 2000-2001; Archibald, Campbell & Harley, partner, 2001-2005; Semple Fraser, partner, 2005- 2013; Maclay Murray & Spens, partner, 2013; 2014 tutor – oil and gas law, Robert Gordon University Law School. Recent deals: Secondment to Premier Oil plc’s London-based Falkland Islands Business Unit assisting with its 2015 Falklands Drilling Campaign and the Sea Lion Project. Advising a new entrant to the UK onshore shale oil and gas market on commercial arrangements with existing licence holders and participants in the 14th onshore licensing round. Advising Strathendrick Biogas on the development of a farm-based anaerobic digestion project. Advising Land Securities Group plc on the sale of the Overgate Shopping Centre, Dundee. Advising on multiple disposals of biomass and onshore wind projects.
Stuart Fitzsimmons
Position: Partner Age: 34 Qualifications: LLB, DipLP Career history: Qualified Maclay Murray & Spens, 2005; solicitor, 2005; Bank of Scotland, secondment, 2009; associate, 2010; Maclay Murray & Spens, partner, 2012. Recent deals: Acting for Aberdeen Private Equity Fund in connection with its acquisition banking facilities; acting for The Edinburgh Woollen Mill Group in connection with its banking facilities; acting for Muirden Energy and Triplepoint VCT in connection with various renewable energy investments; advising DVB Bank on the refinancing of facilities to Viking Supply Ships; and advising Biofilm Ltd in connection with facilities arranged with the Scottish Loan Fund.
Claire Armstrong
Position: Partner Age: 39 Qualifications: LLB (Hons), DipLP; dual qualified Scotland and England. Career history: qualified, Archibald Campbell & Harley WS, 2000; Biggart Baillie LLP 2001 – 2008; Fasken Martineau LLP, London, 2008-2010 (partner 2010); Maclay Murray & Spens LLP 2011, partner 2014. Specialises in UK and international DECEMBER 2014 CA MAGAZINE