Bowmark Capital, a mid-market private equity firm, is to sell Leaders Romans Group (LRG), one of the UK’s largest property services groups, to Platinum Equity.
LRG was formed from the merger of two Bowmark portfolio companies, Leaders Lettings and Romans Group, in 2016. It specialises in residential property lettings, sales and associated professional services including planning and surveying. The group has a nationwide network of 210 branches and offices, and manages over 62,000 properties across the UK.
Under the stewardship of Bowmark and LRG’s executive team, revenues have approximately trebled to GBP165 million, the number of employees has increased from 960 to 2,500, and the business has completed a total of 132 bolt-on acquisitions of branches and lettings portfolios.
