Equity Capital Markets
With an extensive track record of equity capital markets advisory work, we're one of the few teams based in Scotland with the expertise, experience and capability to advise on ECM transactions.

Our team advises AIM and main market traded companies, and small and mid-cap investment banks, on a range of equity capital markets transactions and market conduct matters. We’ve earned a reputation for delivering for our clients, whatever their sector or size and whatever the complexity of their deal. We are also the Scottish law firm of choice for City or US firms advising on acquisitions of Scottish public companies.

Our expertise includes:

Primary and secondary issues
Cashbox transactions
Private placements
Block trades
Share buyback programmes, tender offers and other returns of value
Public mergers and acquisitions
Reverse takeovers
Delistings
General market advisory

Meet our key contacts

Stephen Trombala

Partner

Meet our full team

Alasdair Anderson

Senior Associate

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Andrew Blain

Managing Partner

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Cameron Kane

Associate

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Kirstin Mackay

Senior Solicitor

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Cath Macrae

Senior Associate

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Donald Smith

Partner

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Stephen Trombala

Partner

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Related articles and insights: Equity Capital Markets

Two people working together with an iPad

8 April 2026

The new tax year has begun: are you ready?

Contributor: Gavin Charlton

What businesses who offer employee share incentive schemes should be thinking about as the new tax year begins.

21 January 2026

How do I implement an EMI share option plan?

Contributor: Gavin Charlton

Having discussed the incoming changes to EMI option plans, their benefits, and how to avoid common errors, we now look at what is required for your business to implement an EMI option plan.

Graphic with a computer and person signing a document

10 December 2025

EMI options – How to get them right

Contributor: Gavin Charlton

Following the expansion of qualifying companies for EMI options in the Autumn Budget we look at the most common mistakes made when implementing an EMI plan and how businesses can avoid them.

26 November 2025

Some budget good news – EMI employee share option plans improved

Contributor: Gavin Charlton

A look into the changes to Enterprise Management Incentives (EMI) employee share option plans is in the Autumn 2025 Budget.

28 October 2025

A world of opportunity

Contributors:
Louisa Knox, Hamish Patrick, Donald Smith, Peter Alderdice

Scotland’s first ever Global Investment Summit saw senior people from business, politics and finance come together to address the nation’s need for investment and growth.

19 March 2025

BVCA publishes new versions of its model investment documents

Contributor: Kirstin Mackay

The British Private Equity & Venture Capital Association (BVCA) has recently published amendments to its 2023 model documents for early-stage capital investments. This article sets out the key changes made to the model documents, the rationale behind some of these changes and the effect they may have on investors and founders.

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