Travers Smith LLP has advised the senior management team of Lomond, a market-leading lettings and estate agent platform, on the investment into Lomond by funds managed by ICG. The closing of the transaction is subject to customary closing conditions.
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.
The Travers Smith team was led by Private Equity & Financial Sponsors Partner Adam Orr, and included Senior Associate Eilidh Morrison, Associate Cari Sweeney , and Trainee Georgia Gridley. Specialist tax advice was provided by Tax Partner Hannah Manning and Associate Ross McGregor.
