Taylor Wessing has advised D F Barnes, part of one of Canada's largest industrial construction businesses, on its acquisition of the entire share capital of Burntisland Fabrications Limited ("BiFab").
The acqusition will also come with new investment to support BiFab's yards at Methil and Burntisland in Fife and Arnish in the Western Isles. The Scottish Government has taken a minority interest in BiFab as part of this transaction.
Corporate partner Robert Fenner, who led the transaction said:
"BiFab is a major employer in Scotland and this transaction secures its future. We are delighted to have helped D F Barnes with this acquisition."
Michael Weber of D F Barnes added:
"The acquisition of BiFab is an exciting opportunity for us. We will be bringing our undeniable project expertise to BiFab and in turn, BiFab will bring significant international expansion to us. Throughout this deal, Taylor Wessing provided invaluable support, working on a tight timescale."
The team from Taylor Wessing included senior associate James Homan, associate Roxane Davey and trainee Callum Macauley.