Lead Forensics

Will Linley (left) and Stuart Pender (right)

PORTFOLIO

Creating a new national lettings and estate agency group

Backing an acquisitive growth strategy.

Sector
  • Construction & property

Initially trading as Lomond Capital, the group includes some of the UK’s strongest high street lettings and estate agency brands.

Deal value

£100m

LDC backed the creation of a new national lettings and estate agency group in a £100million transaction to merge Lomond Capital and Linley & Simpson.

The new group, which is initially trading as Lomond Capital, has a combined portfolio of over 22,000 properties under management and major hubs in private rental hotspots including Aberdeen, Birmingham, Brighton, Edinburgh, Hull, Leeds Manchester, Sheffield and York. It brings together some of the UK’s strongest high street letting and estate agency brands including Linley & Simpson, Thornley Groves, Brand Vaughan, John Shepherd, Stonehouse and Braemore.

LDC is supporting the business to strengthen its nationwide network through complementary acquisitions and organic growth.

Stuart Pender, Group CEO of Lomond Capital, said: “Market conditions in the private rental sector are well suited to continued growth through consolidation. We are consolidating fragmented regional markets, enhancing the proposition the sector offers to clients and maintaining a local, on-the-ground approach which brings significant benefits to landlords and tenants.

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We will blend the best of both companies through this merger, which together with the backing of LDC will allow us to realise our ambitious plans for the UK’s residential lettings sector.”
Stuart Pender, Group CEO

Before the merger, Linley & Simpson was backed by LDC and had grown significantly by adopting an ambitious acquisition strategy across the Yorkshire region. Since LDC’s investment in June 2018, the business has made 18 acquisitions and doubled its portfolio from 5,000 to 10,000 properties.

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LDC has been a great supporter of our strategy to grow through acquisition. This transaction is a continuation of our approach to building our business while retaining our successful local approach. We’re excited about the opportunities in each of the Lomond regions and I’m looking forward to working closely with Stuart, the Lomond team and LDC to help grow the new group.”
Will Linley, Co-Founder and Managing Director
Linley & Simpson

Since the merger, the group has completed four acquisitions to further strengthen its regional footprint across the UK.