The Scottish law firm behind the multi-million pound sale of contact centre giant HEROtsc has revealed that the deal helped its corporate team record its best ever year.
Harper Macleod LLP's team has concluded deals with a total value of more than half a billion pounds since the start of 2012, culminating in the deal to sell call-centre giant HEROtsc to the French-based Webhelp Group, one of the largest disposals in Scotland in recent times.
The corporate team is headed by lead partner Donnie Munro, who recently won the Chairman's Award for Contribution to the Family Business Sector at the Herald's Scottish Family Business Awards.
Harper Macleod acted for the HERO group – itself one of the largest family-owned businesses in India – and the existing management group on the sale of HEROtsc to the Webhelp Group, which will see chief executive David Turner and his team roll-over equity into the new Webhelp TSC business.
The international, cross-border deal, hailed as good news by Scottish First Minister Alex Salmond, saw HERO sell its near 90% stake in the company to Webhelp, which is a portfolio company of private equity group Charterhouse.
Munro highlighted the deal to sell HEROtsc as a great example of the high-value, high-profile work being carried out by Harper Macleod, which saw the aggregate value of the deals completed by its Glasgow, Edinburgh and Inverness offices in the past year pass £500 million.
He said: "The HEROtsc deal tops off what has been a great year, with more than 100 deals completed in more than 20 jurisdictions. With six partners and an additional team of 11, we have one of the largest corporate teams in Scotland with the knowledge, strength and depth to provide the commercial advice clients require to confront their challenges and exploit their opportunities."
The deal to sell HEROtsc was a complex one, with parties from India, Holland, France, England and Scotland involved.
Harper Macleod Chairman, Professor Lorne Crerar, said: "Harper Macleod has grown with HEROtsc over the years as they have grown significantly. It was a great pleasure to advise the company in the next stage of its advancement in its markets. We greatly value our longstanding relationship and look forward to working with the management group as it moves forward."
David Turner, who led the management team at HEROtsc and is now Chief Executive of Webhelp TSC, praised the role played by Harper Macleod in making the deal happen. He said: "I was really pleased with the work completed by Harper Macleod. They made a complex process as simple as it possibly could be. "
Following the recent series of takeovers and mergers which have changed the face of the Scottish legal scene, Harper Macleod is now the third-largest law firm with a Scotland only base, and one of the top five overall.
As well as mergers and acquisitions, Harper Macleod's corporate team is a market leader in advising family-owned businesses, start-up and investment, employee ownership and incentivisation, commercial, partnerships, LLPs and joint ventures, restructuring and company secretarial.
The firm has bucked the trend to record rapid growth in both headcount and turnover in recent years. It is also Legal Adviser to the Glasgow 2014 Commonwealth Games.
Harper Macleod has won five Firm of the Year titles in the past six years and is again nominated for Firm of the Year at the upcoming Law Awards.