For sale! Lloyds-backed estate agent Lomond goes to market | British News

A property agency group backed by Lloyds Banking Group’s private equity arm is being put up for sale – the latest sign of corporate activity in the sector.

Sky News understands LDC has hired bankers from Clearwater International to oversee a sale of Lomond Group.

A process is expected to begin in the coming months which is expected to value Lomond at well over £100m, according to industry sources.

The Lomond Group was formed from the merger of Lomond Capital and Linley & Simpson in 2021, creating a company with 22,000 properties under management.

The company has a particularly prominent presence in cities such as Aberdeen, Birmingham and Leeds.

It trades under brands such as Thornley Groves, Braemore and John Shepherd.

The planned auction comes as speculation grows over a possible bid for Foxtons, the London-listed estate agent.

It was recently reported that Foxtons has retained Rothschild bankers as financial advisors in anticipation of an offer.

A number of other chains are also expected to change hands in the coming months.

A spokesman for LDC declined to comment.

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