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

ICG Acquires Majority Stake in Lomond; LDC and Management Reinvest

December 2, 2024

Real Estate

ICG has invested in Lomond in a transaction in which LDC exits its original investment but will reinvest alongside ICG, founding Chairman Stuart Pender and Lomond management. The recapitalization provides capital to support Lomond's continued roll-up strategy and geographic expansion after the business grew from 600 to 1,900 employees and completed 65 acquisitions under LDC's ownership.

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.

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.

Linley & Simpson Acquires Lettings Books of Inghams and Henleys Property Group

February 13, 2020

Real Estate

LDC-backed Linley & Simpson has acquired the lettings book of Inghams and completed a deal with Henleys Property Group, expanding its Yorkshire footprint and opening a new office in Bingley. The add-ons increase the agency's rental portfolio by almost 400 properties (taking it past 9,000) and include the transfer of staff from both businesses; terms were undisclosed.

Linley & Simpson Acquires Beercocks' Lettings Arm (Hull)

November 14, 2019

Real Estate

LDC-backed property agency Linley & Simpson has acquired the lettings arm of Beercocks in Hull, adding almost 500 properties to its rental portfolio and marking the group's first expansion into Humberside. The deal — the ninth since Linley & Simpson secured backing from LDC in 2018 — was financed with support from Santander Corporate and Commercial Bank; terms were not disclosed.

Linley & Simpson Acquires Morgans' Residential Lettings and Sales Business

July 16, 2019

Real Estate

LDC-backed Linley & Simpson has acquired the residential lettings and sales business of Yorkshire independent agency Morgans for an undisclosed sum. The deal adds more than 1,450 homes to Linley & Simpson’s lettings portfolio — taking it to about 8,000 properties across 16 branches — and is the firm’s largest acquisition since LDC’s 2018 investment as part of a buy-and-build growth strategy.