LONDON, December 4, 2024 – Proskauer, a leading international law firm, today announced it has advised ICG, the global asset manager, on its partnership investment into Lomond, a leading UK lettings and estate agent platform.
ICG will invest alongside the founding Chairman and the management team. Exiting sponsor LDC, the private equity investor, which is part of Lloyds Banking Group, will also reinvest in Lomond as part of the transaction.
The transaction will support Lomond’s continued growth strategy of further consolidation through M&A in its existing markets and provide additional capital to drive expansion into new regions.
ICG is a key global client for Proskauer and the firm has advised on a number of transactions including its investment into VISION GROUP S.P.A. and its financing into Astek.
The Proskauer team advising ICG was led by partners Liam Arthur and Andrew Wingfield and included associates Nicholas Wardle, Anna Sykes and Jake Fuller (M&A). The team also included partner Stephen Pevsner and Emma McDonnell (Tax); partner Barry Newman and associates Antonia George, Shameelah Khan (Finance); partner Mary Wilks (Antitrust) and associate Rafael Serrano (Private Credit).
About Proskauer
The world’s leading organizations and global players choose Proskauer to represent them when they need it the most. With 800+ lawyers in key financial centers around the world, we are known for our pragmatic and commercial approach. Proskauer is the place to turn when a matter is complex, innovative and game-changing. We work seamlessly across practices, industries and jurisdictions with asset managers, private equity and venture capital firms, Fortune 500 and FTSE companies, major sports leagues, entertainment industry legends and other industry-redefining companies.
Our premier M&A practice is distinguished by the combination of our transactional strength and deep sector knowledge. We are a destination firm for large-cap and middle-market deals with extensive expertise in the structural, cultural and procedural issues that are often at the center of complex, cross-border transactions. From London to New York, Paris to Los Angeles and across the globe, organizations turn to our lawyers for their most significant and transformative transactions. Our multi-disciplinary team offers actionable insights, sophisticated strategies and creative solutions that drive commercial success for our clients.
