ICG Acquires Majority Stake in Lomond; LDC and Management Reinvest

MML Capital Partners Exits Lomond (sold to LDC-backed Linley & Simpson)

January 1, 2021

Real Estate

MML Capital Partners has exited its investment in Lomond Capital, selling the business as part of a transaction that consolidated Lomond with LDC-backed Linley & Simpson. Lomond is a UK residential lettings and estate agency group that had completed multiple acquisitions under MML’s ownership and employed over 350 people at the time of the exit.

LDC Backs Merger of Lomond Capital and Linley & Simpson to Form National Lettings & Estate Agency Group

January 4, 2021

Real Estate

LDC has backed a £100m transaction to merge Lomond Capital and Linley & Simpson into a new national lettings and estate agency group, creating a combined portfolio of over 22,000 properties under management. The deal is supported by acquisition facilities from LGT Capital Partners and aims to drive a buy-and-build consolidation strategy across the UK residential lettings market.

Lomond Group Acquires DJ Alexander; LDC Supports Deal

December 20, 2021

Real Estate

Lomond Group, backed by private equity firm LDC, has acquired Scottish lettings and estate agency DJ Alexander. The add-on expands Lomond's managed portfolio (now ~9,500 properties in Scotland and 30,000 across the UK) and brings DJ Alexander's ~104 employees into the group as Lomond continues its buy-and-build consolidation of regional estate agents.

Lomond Acquires HOP Lettings and HOP Students

May 31, 2024

Real Estate

Lomond, the LDC-backed national lettings and estate agency group, has acquired HOP Lettings and HOP Students in Leeds. The deal adds 861 residential properties (around 300 student properties) to Lomond’s Linley & Simpson lettings book and expands the group’s student lettings presence in Leeds.

ICG Acquires Lucid Group from LDC

March 10, 2021

Healthcare Services

Alternative asset manager ICG has acquired London-headquartered healthcare communications specialist Lucid Group from mid-market private equity firm LDC. Lucid, which employs around 250 staff and provides medical education, strategic consultancy and digital services to pharmaceutical clients, was backed by LDC since 2017 and grew revenues from about £12m to over £29m during the partnership.

ECI Partners Acquires Independent Governance Group (IGG)

October 30, 2024

Professional Services

ECI Partners has acquired Independent Governance Group (IGG), the UK provider of professional pensions trusteeship and governance services; LDC has exited its majority stake but has reinvested alongside ECI. Crescent Capital's European Specialty Lending strategy led the debt financing to support the transaction. IGG employs more than 200 people, serves 386 pension schemes with around £324bn of assets and will pursue further organic growth and acquisitions under ECI's ownership.