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Shepherd and Wedderburn

Work 0131 228 9900
Fax 0131 228 1222
551970 EDINBURGH-53

Stephen Trombala

Work 0131 473 5720
Shepherd and Wedderburn

Work Department

Corporate Finance


Stephen is a corporate finance partner whose primary focus is on the upstream oil and gas and ICT industries. He has extensive equity capital markets, mergers and acquisitions and private equity experience and advises both funders and corporates. Recent work includes acting for a number of independent E&P companies across a range of matters, including capital raisings, portfolio rationalisations and takeover transactions. Clients include Cairn Energy, Bowleven, Celtique Energie, IndigoVision and FanDuel. He is recognised as a leading practitioner, and in one legal directory he is described as ‘a talented, hard and fast worker with terrific public company expertise’.


Trained Henderson Boyd Jackson; qualified 1996; solicitor McGrigor Donald; general counsel Orbital Software; corporate counsel IndigoVision; partner Shepherd and Wedderburn 2005 to date.


Law Society of Scotland. Director of The Scottish Oil Club


Edinburgh University (1994 LLB Hons, 1995 Dip LP).


Golf, cinema, travel.

London: Corporate and commercial

Flotations: small and mid-cap

Within: Flotations: small and mid-cap

Walter Blake heads up the practice at Shepherd and Wedderburn, where 'the transaction proceeds in an easier and more efficient manner'. In addition to having a team in London, the firm also counts on the experience of practitioners based in Scotland, including Stephen Trombala and George Frier. In 2017, Blake and Frier advised Collagen Solutions on its £8m placing and open offer. The two practitioners also assisted Satellite Solutions with a number of transactions, including its £8m share placing on AIM, and various related strategic acquisitions. European Assets Trust NV, Cairn Energy Plc, Cenkos Securities, Bowleven Plc and Numis Securities are among other clients.

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London: Projects, energy and natural resources

Oil and gas

Within: Oil and gas

Shepherd and Wedderburn represents British independent exploration and production companies in cross-border M&A and capital market transactions, and is described as 'the best oil and gas outfit in Scotland and one of the best in the UK' by one client. Practice head Stephen Trombala 'has strong business acumen and provides a dedicated team' which 'is plugged into the oil and gas market'. Petrolneos appointed the group to develop a suite of procurement suites for its relationships with third party supplier and contractors, while Trombala advised Celtique Energie on the sale of two of interests in two French permits to Investaq Energie. The 'thorough, knowledgeable' and recently promoted partner Ben Pilbrow  'is a rising star'; he has vast experience representing clients across all forms of dispute resolution including international arbitration and mediation. Also recently made partner is Tom Swan who acts in regulatory and corporate matters.

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Scotland: Corporate and commercial

Corporate and commercial: Edinburgh and Glasgow

Within: Leading individuals

Stephen Trombala - Shepherd and Wedderburn

Within: Corporate and commercial: Edinburgh and Glasgow

Shepherd and Wedderburn‚Äės team, which ‚Äėunderstands the bigger picture in terms of business consequences‚Äė, includes a number of first-rate practitioners, such as food and drink group head George Frier¬†and Joanna Boag-Thomson, who are ‚Äėcommercial, innovative and provide great client service‚Äė. In addition, Danny Lee¬†and John Morrison¬†‚Äėunderstand points easily and their drafting is high quality‚Äė and senior associate¬†Tom Swan¬†is lauded for his ‚Äėattention to detail‚Äė. Stephen Trombala¬†leads the group, which is adept in transactions spanning a wide range of industries, including food and drink, renewable energy, corporate real estate, oil and gas (upstream and services sectors), technology and life sciences. It consistently excels in headline deals; in 2017, highlights included Frier and others acting as the lead legal adviser to Chivas Brothers (part of the Pernot Ricard Group) in the sale to the Glenallachie consortium of its Glenallachie distillery, and certain whisky stock and whisky brands. Frier also led a team in the advice to Collagen Solutions on its ¬£8m placing and open offer, and also on a ¬£4m bond issue. Morrison assisted TVSquared (one of Scotland‚Äôs most successful recent start-up companies) with its $6.5m series A equity financing. Also recommended are¬†George Boyle,¬†Andrew Blain,¬†Paul Hally,¬†Keir Willox,¬†Joanna Monaghan¬† and¬†Ian Mitchell.

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