M&A Deal Summary

Intermediate Capital Group Acquires Lomond Group

On December 2, 2024, mezzanine finance firm Intermediate Capital Group acquired financial services company Lomond Group from LDC

Acquisition Highlights
  • This is Intermediate Capital Group’s 12th transaction in the Financial Services sector.
  • This is Intermediate Capital Group’s 80th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-12-02
Target Lomond Group
Sector Financial Services
Buyer(s) Intermediate Capital Group
Sellers(s) LDC
Deal Type Secondary Buyout
Advisor(s) Clearwater International (Financial)
Womble Bond Dickinson (Legal)

Target

Lomond Group

London, United Kingdom
Lomond Group is investing and building businesses in sectors and focused on the acquisition and consolidation of regional Lettings and Estate Agents. Lomond Group was formed in 2010 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 293 of 293
Sector (Financial Services) 12 of 12
Type (Secondary Buyout) 115 of 115
Country (United Kingdom) 80 of 80
Year (2024) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-25 Vision Group

Milan, Italy

Vision Group is a distribution network for Italian opticians run by over 2.000 business owners with different levels of affiliation, including VisionOttica, their national banner. Vision Group was founded in 1989 and is based in Milan, Italy.

Buy -

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.6B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 199 of 199
Sector (Financial Services) 5 of 5
Type (Secondary Buyout) 73 of 73
Country (United Kingdom) 193 of 193
Year (2024) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-07 LendingMetrics

Fareham, United Kingdom

LendingMetrics provides software and data solutions that help hundreds of companies to make highly sophisticated automated and risk-based lending decisions. Clients include building societies, online lenders, mortgage companies, credit card providers and commercial lenders. LendingMetrics was founded in 2010 and is based in Fareham, England.

Buy -