ICG to acquire a minority stake in Lomond.

Intermediate Capital Group, a private equity firm, agreed to acquire a minority stake in Lomond, a real estate services provider. Financial terms were not disclosed. “We’ve had a superb journey so far with LDC. What we’ve achieved together is a testament to the hard work and passion of our people and I am delighted they will remain as a partner going forward. To have secured new investment from such a leading investor in ICG underlines the level of ambition of the team at Lomond and our new partner. We’re now looking forward to accelerating our growth in the coming years as we continue our journey as the best estate agency network in the UK," Ed Phillips, Lomond CEO.