ACCOUNTING giant Deloitte has bolstered its senior team in Scotland after working on a string of deals, including the recent £50 million takeover of Borders-based tyre fitter Blackcircles.com.
The “big four” firm has promoted partner Gavin Hood to head of its corporate finance practice north of the Border following the retirement of senior partner Ian Steele.
He now leads a team that recently added experienced mergers and acquisitions advisers Aneeta Nayak and Roger Mayor, who both joined as assistant directors from Bank of Scotland.
Hood, who has been a Deloitte partner since 2006, said: “The last 18 months have been particularly strong for us – we’ve worked on a variety of noteworthy deals, delivered exceptional outcomes for our clients and added some of the best talent in the market to the team.
“We are now in a great position to support our clients and take on new business going into the second half of 2015.”
Deloitte advised Peebles-based Blackcircles on its acquisition in May by French tyre-maker Michelin – a deal that triggered bumper payouts for founder Mike Welch and major shareholder Sir Terry Leahy, the former Tesco boss.
Welch, who left school at 16 to become a tyre-fitter in Liverpool before being headhunted by Kwik-Fit, said: “The team’s management of the deal was instrumental in ensuring a successful completion, as was Gavin’s counsel at critical points in the process. The deal with Michelin will allow us to realise our growth aspirations.”
Deloitte senior director Aaron Falls was also involved in the management buy-out earlier this year of Tulloch Homes, the Inverness-based housebuilder.