Lomond Group, the chain of lettings brokers owned by an arm of Britain’s greatest excessive avenue lender, is to vary arms in a deal value about £450m.
Metropolis sources stated a deal was anticipated to be signed within the coming days.
A sale course of for the enterprise, which has been owned by LDC, the personal fairness division of Lloyds Banking Group, for years, has been working for months.
Lomond Group was created from the merger of Lomond Capital and Linley & Simpson in 2021, a deal which established a enterprise with 22,000 properties below administration.
The corporate has a very distinguished presence in cities reminiscent of Aberdeen, Birmingham, and Leeds.
It trades below manufacturers reminiscent of Thornley Groves, Braemore and John Shepherd.
The possible public sale comes amid a flurry of company exercise within the property company sector.
LDC has been suggested by bankers from Clearwater Worldwide on the deal.
ICG declined to remark.
