International law firm Womble Bond Dickinson (WBD) has advised long-standing client, Lomond, on the successful sale of Kinleigh Folkard & Hayward’s (KFH) Financial Services mortgage division. KFH is a prominent London estate agency, operating more than 50 branches across the capital.
Earlier this year, Lomond made its largest acquisition to date by acquiring KFH, with WBD advising on that deal as well. The sale of the mortgage division marks another key milestone in Lomond’s ambitious growth strategy.
Lomond is recognised as one of the UK’s fastest-growing property businesses, backed by leading private equity firms LDC and ICG. With a broad portfolio of estate and lettings agencies nationwide, Lomond continues to strengthen its presence as a major player in the residential property market.
The WBD team was led by corporate partner David Ridley and associate William Reynolds, supported by Alex Dolling and Ellie Jefferson on corporate matters, Stephen Wilson, Laura Wiles and Lewis Sanderson on financial services and banking, and Jeremy Smith and Sarah Johnston on tax.
David Ridley commented:
"This deal represents another significant step in Lomond’s growth journey. We’re proud to have supported Lomond on both the acquisition of KFH and now the sale of this subsidiary, reinforcing our position as trusted advisers in the sector and showcasing the strength of our corporate team in delivering strategic transactions."
William Reynolds added:
"Working with Lomond on this transaction has showcased the depth of expertise within our team. It is fantastic to work with Lomond again and we look forward to working together again in the future."
John Ennis, Lomond's Chief Revenue Officer also said:
"Many thanks to David, Will and the rest of the WBD team involved, whose guidance and professionalism have been instrumental throughout these pivotal transactions."
This article is for general information only and reflects the position at the date of publication. It does not constitute legal advice.
