A group of estate agencies backed by the private equity arm of Lloyds Banking Group is being put up for sale in the latest sign of business activity in the sector.
Sky News understands that LDC has hired bankers from Clearwater International to oversee the sale of Lomond Group.
A process is expected to begin in the coming months and is expected to value Lomond at well over £100 million, according to industry sources.
The Lomond Group was created from the merger of Lomond Capital and Linley & Simpson in 2021, a deal that established a business with 22,000 properties under management.
The company has a particularly prominent presence in cities such as Aberdeen, Birmingham and Leeds.
It is sold under brands such as Thornley Groves, Braemore and John Shepherd.
The possible auction comes as speculation grows about a possible bid for Foxtons, the London-listed property broker.
It was recently reported that Foxtons had hired Rothschild bankers as financial advisers in anticipation of a bid.
Several other networks are also expected to change hands in the coming months.
An LDC spokesperson declined to comment.
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