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Investment March 2010

Business Property Services

Growth StrategyM&A

Why we invested

Leaders Romans Group operates in a fragmented market and has an impressive track record of acquiring and integrating lettings branches and portfolios. This was an opportunity to back an experienced management team to pursue an ambitious buy-and-build strategy, building on our track record of supporting similar acquisition-led strategies in related sectors.



The result

During the period of our investment, revenues approximately trebled to £165 million, the number of employees increased from 960 to 2,500, and the business completed a total of 132 bolt-on acquisitions of branches and lettings portfolios.

Whilst pursuing this successful expansion strategy, the company continued to deliver the highest standard of service for both tenants and landlords, complemented by a focus on product and service innovation.

The company was sold to Platinum Equity in 2022.

Our partnership with Bowmark has been instrumental in building LRG into one of the leading property services groups in the UK. As a result of the investment in people, operations and new services, the business is well-positioned to capitalise on the exciting opportunities that lie ahead. Peter Kavanagh,Chief Executive Officer