We worked with the community company and developed the relationships and trust necessary to lead the team to a successful conclusion of the deal.
Scott-Moncrieff were appointed as lead advisers on the community buy out of South Uist, Benbecula and Eriskay – Scotland’s largest community buy out to date, including 95,000 acres, and a range of properties, assets and businesses from crofts, coastline and golf courses, to ports, quarries and country estates.
This work was commissioned by HIE and involved undertaking due diligence on the South Uist Estate companies, including a detailed review of the business plans for future development, valuing the business and assets for sale, assessing the most effective structure for the purchase, and advising on the strategy and tactics for the negotiations with the vendors.
Although commissioned by HIE, we worked closely with the community company and developed the relationships and trust necessary to lead the team to a successful conclusion of the deal. The valuation work, in particular, required us to work closely with a wide range of technical experts to draw together a commercial value for what was a diverse and unique range of assets. Our work also involved the successful securing of lottery funding for the buyout.