The Lomond estate agency group, backed by private equity, is to be sold off.
Sky News understands that LDC, the private equity arm of Lloyds Banking Group, has hired bankers from Clearwater International to oversee a sale of Lomond Group, which has expanded aggressively through a series of acquisitions.
A process is expected get underway in the coming months, and should value Lomond at well in excess of £100m, according to industry sources.
Lomond Group was created from the merger of Lomond Capital and Linley & Simpson in 2021, a deal which established a business with 22,000 properties under management.
Lomond, which has purchased more than 50 companies across the UK since forming, now has key locations in Scotland, Yorkshire, Manchester, Birmingham, Exeter, and the South Coast.
The group trades under several well-known brands, including DJ Alexander, Hardisty & Co., John Shepherd, Michael Jones & Co., Thornley Groves, Dale Eddison, Julian Wadden, Linley & Simpson and Matthews.
EYE contacted LDC but the company declined to comment.
