Harper Macleod Acts in Two of the Biggest Corporate Deals in Scotland This Year

Harper Macleod LLP demonstrated its position as one of Scotland's leading corporate law firms, playing a key role in two of the biggest corporate deals in Scotland this year. 

Harper Macleod acted for the management team in the management buyout of Internacionale Holdings Ltd in a deal worth £35 million - the largest management buyout in Scotland this year.  The business was purchased from its founder Ken Cairnduff, who launched the chain in 1979. 

The deal bucks the trend of firms being sold to buyers form outside Scotland.  Donald Munro, who led the Harper Macleod team, commented:  "The team at Harper Macleod are delighted to have assisted the management team in the largest management buyout in Scotland since January 2005."

In another important transaction, Harper Macleod's Corporate & Commercial Practice Group acted for Tulloch Limited in its sale of its construction business to Rok plc.  Rok, a building and property company based in Milton Keynes, has agreed to pay £31.3 million in cash and shares for the construction business of Tulloch.

As part of the deal, George Fraser, head of Tulloch Construction, will become Rok's Managing Director in Scotland and David Sutherland, Tulloch Groups Chairman, will join the Rok plc board as a Non-Executive Director.

Harper Macleod's Chairman Professor Lorne Crerer commented: "We are delighted to have played a part in these two successful and important deals.  The deals again evidence Harper Macleod's credentials as one of Scotland's leading corporate law firms and endorses our award of 'Corporate Team of the Year 2006' at The Cuthbert Scottish Legal Awards".

 Harper Macleod has grown rapidly since its inception in 1988, now with a complement of some 200 staff (including 34 Partners), with offices in Inverness, Glasgow and Edinburgh.  The firm is award winning, this year receiving the title 'Law Firm of the Year 2006' at Scotland's two most prestigious law awards, The Law Awards of Scotland and The Scottish Legal Awards - one of only two firms to have ever been awarded the title twice in the same year.