Lomond
Liberty advises the management team of Lomond on its investment by ICG
Liberty Corporate Finance is delighted to announce they have advised the management team of Lomond the UK's leading lettings and estate agent platform, on its new partnership investment from ICG, a global alternative asset manager with a 35-year track of supporting ambitious businesses. LDC, founding Chairman Stuart Pender and management have also reinvested in the business.
The transaction will support Lomond’s continued growth strategy of further consolidation through M&A in its existing markets and provide additional capital to drive expansion into new regions.
Lomond is a leading property management services provider to the UK lettings and sales market and one of the fastest growing platforms in the UK with over 50,000 properties under management. The business has over 1,900 employees and has been recognised by a number of industry workplace awards. Lomond has completed over 65 acquisitions since 2021 and is a leading consolidator in the UK lettings agent market.
Its growth and success is thanks to its centralised model of providing the best systems and the support of specialist people in its management team, HR, Finance, Marketing and Operations. Lomond offers the country’s leading independent estate agencies the opportunity to retain their local brand presence and provides them with a platform for growth within their region.
Delivering a positive result in a project such as this is always a team effort and the choice of advisors is enormously important in ensuring a successful outcome. Working with the team at Liberty from the very beginning of the process earlier this year and throughout every stage of the journey with their ongoing advice and agility, has been crucial in helping deliver our positive result. I and the whole management team are hugely grateful to Jeff, Mick and Mollie at Liberty for their long hours, late nights and tenacity right until the end.
Ed Phillips
CEO at Lomond
Ed and his team have constructed and scaled an incredible business and it has been a great pleasure advising them on the transaction. We look forward to seeing their continued success over the coming years as they continue to invest and expand the business with the support of ICG.
Jeff Soh
Partner
+44 (0) 7922 257 501
jeff.soh@liberty-cf.com