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New Deal


Announced

ONP Group to acquire a 50% stake in LMS from LSL for £12m.

Financials

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Transaction Value£12m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Pending

United Kingdom

Minority

Private

conveyancing panel management

Domestic

Friendly

Business Process Outsourcing

Private Equity

Single Bidder

Synopsis

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Private equity firm ONP Group agreed to acquire a 50% stake in LMS, a provider of conveyancing panel management services, from LSL, a surveying services company, for £12m. "The sale simplifies the group structure, providing further capital for deployment into opportunities to accelerate the group’s growth strategy, in particular financial services," LSL.

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