Team members involved:

Leaders is one of the UK’s premier residential letting and estate agents. The company has more than 120 branches managing over 38,000 properties, and prides itself on the high quality of service it provides to its customers, and its reputation for expert local knowledge.

  • Investment: March 2010
  • Sector: Business services
  • Business: Property services
  • Growth Strategy: Buy-and-build

Why we invested

Leaders operates in a fragmented market and has an impressive track record of successfully 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 successful track record of supporting similar acquisition-led strategies in other sectors.

The story so far

Since our investment, Leaders has made more than 80 acquisitions of branches or lettings portfolios, and has more than trebled in size. It has also significantly expanded its geographical footprint beyond its heartland in the south of England, and now has a national network of over 120 branches. The company has a strong pipeline of acquisition targets, and will continue its proven buy-and-build strategy. In March 2016, the company was merged with Romans to create a market-leading property services group, with more than 140 branches across the UK, and combined revenues of over £100 million.

Website: Read more about our Business & Financial Services strategy

We have enjoyed working with Bowmark, and have drawn on their considerable experience of helping companies to achieve strong acquisitive growth.

Paul Weller, Chief Executive
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