16 . Glasgow Business April 2015
MEMBER NEWS Boys’ Brigade
Busy Sports Week for BB
BBs took part in events which were held over an action-packed 10 days
Three hundred members of the Boys' Brigade took part in events over a busy 10-day period in Glasgow recently. 125 Under 11's raced, jumped and threw at the Emirates Arena during the Junior Section Sports event. This was followed up with the Cross-Country Competition at Bellahouston Park where P7's through to S6 school age members ran a series of courses. Twenty one of the boys qualified
to join the Battalion Team for the Boys' Brigade National Cross-Country at Tulliallan. The weekend finished with the Swimming Gala at Castlemilk Leisure Centre where 60 participants showed their expertise in the pool. A return to the Emirates Arena saw
68 players take part in the Badminton Singles Championships before the Glasgow Battalion Bands Contest finished off the run of events at the BB HQ in Clifford Street, where more than 80 musicians displayed fine skills in the Trio, Mini Band, Eb Trumpet/Bb Bugle, Pipe Band and Open contests.
Celebrating the buyout are John Forrest, Chairman, PDG Helicopters; Jerry Francis, CEO, PDG Helicopters and Mark Kerr, Head of LDC Scotland
Strategic support
Management buyout worth £20m complete
Te management team at PDG Helicopters, the industry leading aerial service provider to the construction and utility sectors, has completed a £20+ million management buyout (MBO) backed by mid-market private equity investor LDC, as it looks to capitalise on growing demand for its services. Te deal sees LDC take a
majority equity stake in the business with management
investing alongside and holding a substantial minority stake. LDC’s investment
provides the financial and strategic support to help PDG capitalise on the increased demand for their services in the infrastructure and construction sector. Tis investment will enable PDG to increase its fleet and have the capacity to service the growing market demand more effectively.
Regeneration
Purpose-built city campus
City of Glasgow College’s iconic North Hanover Street building
Ryden has launched the marketing for City of Glasgow College's portfolio of five buildings. The properties are being released by the College due to its relocation to a new purpose-built City Centre Campus. The most recognisable is the
14-storey North Hanover Street building which overlooks George Square and sports the pink ‘People Make Glasgow’ branding. The adjacent Charles Oakley building in Cathedral Street is expected to attract strong interest for a range of uses. The three further properties are
located in Florence Street adjacent to the College’s new Riverside Campus, and Rogart Street and Dornoch Street in Bridgeton. They are likely to attract local interest. City of Glasgow College will
migrate to its new purpose-built City Campus in the summer of 2016, paving the way for these ideally located buildings to be regenerated for alternative uses.
» SgurrEnergy is supporting community wind projects in Nova Scotia
enewable energy consultancy, SgurrEnergy, is supporting two
community wind portfolios through the financing and construction phases in Nova Scotia, Canada. SgurrEnergy's North
and Wedgeport (1.8MW). Te team supported National Bank of Canada, the lender, through a technical due diligence review and bank-grade energy yield, and is now completing construction monitoring on all three sites. Te SgurrEnergy team has also
ScotianWEB’s Phase I project, Parker Mountain, which SgurrEnergy supported with lender’s independent engineer services
American arm is conducting lender's independent engineer services on the Wats Wind II portfolio, which comprises three sites located in the Nova Scotia communities of New Glasgow (6.4MW), Barrington (3.2MW),
been acting as lender's engineer for the 22MW ScotianWEB Phase II wind portfolio, on behalf of the project's financial advisor, Travelers Capital Corporation. Having advised the lender through the financing of the portfolio, SgurrEnergy is now
Construction in Canada R
monitoring construction progress of the five sites and will provide completion services to the lender in early 2015, when the portfolio is expected to commence commercial operation. Te company has also
launched a new office in San Francisco, California. With over 5.8GW, California has the second highest installed wind capacity in the USA. Solar power is also an area
of significant growth in the state, with more than 8.5GW installed to date.
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