MML Capital Partners (“MML”) has successfully exited its investment in Lomond Capital (“Lomond”), bringing an end to highly successful Fund V.
MML backed Lomond Capital, the rapidly expanding property group, has secured up to £37.5 million acquisition funding as it embarks on its latest expansion into new letting and sales markets across the South of England.
MML Capital Partners (“MML”) backed Lomond Capital (“Lomond”) has completed its latest acquisition of John Shepherd, one of Birmingham’s most prominent estate agents. The deal consolidates the John Shepherd Estate Agents business with Marwood Homes and John Shepherd Lettings, already part of the Lomond group, which now manages over £250 million worth of properties for private landlords in Birmingham.
Following the recent funding injection from MML Capital at the end of July, fast growing property Management Company, Lomond Capital has secured a significant foothold in Birmingham with the acquisition of leading agency John Shepherd Lettings, for an undisclosed sum. John Shepherd Lettings has 1,050 properties under management.
MML Capital Partners has made an investment into Lomond Capital, to enable Lomond to build on its current momentum and accelerate future expansion in the UK’s rapidly expanding residential property rental market. MML is taking a minority share in Lomond and its investment follows Investec Growth & Acquisition’s financing which was put in place in September last year.