Scottish Equity Partners

Scottish Equity Partners is an investment firm focusing on direct and secondary direct investments, primarily in technology-enabled and growth-oriented companies in the United Kingdom, with activity in Europe. It targets sectors such as consumer internet, information technology, software, e-commerce, telecommunications, digital media, healthcare, energy efficiency, and renewable energy infrastructure. The firm typically invests from around £1 million to £40 million, often taking the lead in deals and sometimes co-investing with other venture capital and growth funds, and seeks to take minority or majority stakes while working with management to avoid controlling ownership. It pursues both direct equity investments and secondary direct opportunities, including infrastructure finance for small-scale clean energy projects. Founded in 2000 and based in Glasgow, with offices in London and Edinburgh, Scottish Equity Partners has a focus on the UK, Scotland, and Ireland, and leverages its network to support international expansion. It avoids investments in activities related to armaments, gambling, tobacco, pornography, or genetic modification that breaches legislation.

Tim Ankers

Principal

Martin Brennan

Director, Head of Deal Origination

Angus Conroy

Partner

Andrew Davidson

Director

Andrew J. Davidson

Director

Andrew Davison

Partner

Alizeh McClelland

Principal

Fraser McLatchie

Director

Daniel Muranda

Associate

Paul Neeson

Director

Calum Paterson

Co-Founder and Managing Partner

Stuart Paterson

Co-Founder and Partner

Taylor Rampton

Principal

Tony Robison

Partner

Antony Robison

Partner

Jan Rutherford

Partner

Past deals in Scotland

Smarter Grid Solutions

Funding Round in 2013
Smarter Grid Solutions Ltd. is a prominent smart grid technology company based in Glasgow, United Kingdom, with additional offices in London and New York. Founded in 2008, the company specializes in developing and deploying active network management (ANM) products aimed at integrating Distributed Energy Resources (DER) into electricity grids. Its key offerings include ANM Strata, ANM 100, ANM 50, and CONNECT+, which facilitate the connection, control, and optimization of various DER types. These products enable electricity distribution companies to manage grid-connected resources effectively, supporting high renewable energy penetration and facilitating net-zero emission electricity. Additionally, Smarter Grid Solutions provides tools for capacity analysis and grid connection assessments, alongside consultancy services in strategic planning and smart grid training. The company collaborates with a range of power companies and utilities across the UK, Europe, and the US, contributing to both rural and urban smart grid projects.

Green Highland Renewables

Funding Round in 2012
Green Highland Renewables specializes in developing small-scale run-of-river hydroelectric projects ranging from 50kW to 2MW. The company provides comprehensive support to landowners and communities, from project design and procurement to operation, aiming to facilitate a sustainable future while contributing to Scotland's commitment to responsible climate change.

Smarter Grid Solutions

Venture Round in 2012
Smarter Grid Solutions Ltd. is a prominent smart grid technology company based in Glasgow, United Kingdom, with additional offices in London and New York. Founded in 2008, the company specializes in developing and deploying active network management (ANM) products aimed at integrating Distributed Energy Resources (DER) into electricity grids. Its key offerings include ANM Strata, ANM 100, ANM 50, and CONNECT+, which facilitate the connection, control, and optimization of various DER types. These products enable electricity distribution companies to manage grid-connected resources effectively, supporting high renewable energy penetration and facilitating net-zero emission electricity. Additionally, Smarter Grid Solutions provides tools for capacity analysis and grid connection assessments, alongside consultancy services in strategic planning and smart grid training. The company collaborates with a range of power companies and utilities across the UK, Europe, and the US, contributing to both rural and urban smart grid projects.

Green Highland Renewables

Venture Round in 2012
Green Highland Renewables specializes in developing small-scale run-of-river hydroelectric projects ranging from 50kW to 2MW. The company provides comprehensive support to landowners and communities, from project design and procurement to operation, aiming to facilitate a sustainable future while contributing to Scotland's commitment to responsible climate change.

Aquamarine Power

Venture Round in 2011
Aquamarine Power is a wave energy company, with head offices in Edinburgh, Scotland and further operations in Orkney and Northern Ireland. The company is currently developing its flagship technology, an innovative hydro-electric wave energy converter, known as Oyster. Aquamarine Power’s goal is to develop commercial Oyster wave farms around the world. The first demonstration-scale Oyster has been successfully deployed at sea at the European Marine Energy Centre (EMEC) in Orkney, Scotland and was officially launched by Scotland's First Minister Alex Salmond MP, MSP in November 2009 when it began producing power to the National Grid to power homes in Orkney and beyond. Oyster's performance is now being monitored and the results from the testing will provide a basis for the design of the next-generation commercial-scale Oyster 2.

Deep Casing Tools

Funding Round in 2008
Deep Casing Tools Limited, established in 1999 and headquartered in Aberdeen, UK, specializes in manufacturing innovative technologies for the global oil and gas industry. The company's primary products are The Turborunner and The Turbocaser Express, both high-speed reaming systems designed to enable drilling and completions teams to accurately land casings and completions at target depth, safeguarding assemblies and minimizing operational risks. Led by a team with over 200 years of collective industry experience, Deep Casing Tools' products are engineered by professionals for professionals, combining innovative design with precision engineering to deliver significant cost and time efficiencies.

MTEM Limited

Series A in 2004
In 2001 Anton Ziolkowski, Bruce Hobbs and David Wright of the University of Edinburgh invented a new electromagnetic method to detect sub-sea and underground hydrocarbons. In 2003 they founded MTEM Ltd. to develop the technology and provide land and marine surveys to oil companies. In November 2004 MTEM Ltd. was launched from the University of Edinburgh with £7.4M of funding from three equal investors: HitecVision, Energy Ventures, and Scottish Equity Partners. MTEM Ltd. developed and built systems to perform land and marine transient electromagnetic surveys that can identify hydrocarbons before drilling, thus reducing the risk of drilling “dry” wells and saving millions of dollars per well. In June 2007 Petroleum Geo-Services (PGS) bought MTEM Ltd. for $275M. The University of Edinburgh’s share of the sale was £8.6M, of which £2.6M funded 164 PhD studentships. PGS continues to develop the technology.

Verisim

Venture Round in 2004
Verisim Limited is a provider of software simulation solutions primarily focused on the financial services sector. Founded in 2000 and based in Edinburgh, United Kingdom, the company specializes in training, prototyping, and customer demonstration applications. Verisim's solutions are designed to facilitate the timely and budget-conscious delivery of new applications, ensuring they meet specific requirements. The company also supports employee training on applications to enhance efficiency and safety, as well as aids in customer communication to illustrate the advantages of online services without risking customers' accounts. Additionally, Verisim is particularly noted for its expertise in the implementation of Temenos T24 core banking software. As of October 2015, Verisim operates as a subsidiary of Arasero Trading Limited.
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