Mon, 06 Sep 2021 | BUSINESS SALE
Bowmark Capital, the private equity owner of Leaders Romans Group, has appointed NM Rothschild to head a strategic review of the property agency which could result in a sale of the business. The potential auction for the firm, which has around 160 UK branches, could reportedly reach up to £400 million.
Bowmark Capital first invested in Leaders Romans in 2010 and has since backed it on around 110 acquisitions, helping it to become one of the UK’s largest property agencies. Bowmark has lent the group close to £100 million to fund its rapid development over the last decade.
The private equity firm originally backed an MBO before the group’s current form was established through the merger of three separate brands - Leaders, Romans and Boyer – in 2016.
Leaders Romans focuses mainly, although not exclusively, on lettings, employing more than 2,100 people across its 160 UK locations. The company is currently forecast to generate operating profits of around £35 million and reports indicate that a sale price is likely to reflect at least a 10x multiple of this figure, with the business expected to sell for between £350 million and £400 million.
The auction is likely to attract significant interest from large buyout firms and, should the sale proceed, is set to take place later this year or early next year.
Bowmark Capital’s potential exit from Leaders Romans comes amid a boom in the UK’s property market. Factors including the stamp duty holiday have fuelled significant corporate activity in the sector.
The potential sale of Leaders Romans along with the announcement last week that estate agent Chestertons would be sold for around £100 million indicate that this boom could see many owners cash in on their investments in UK property firms.
Find businesses for sale here.
If you are looking for an exit, we can help!
Remote & non-intrusive inspection of oil & gas pipelines using innovative technology & software developed in-house. Seeking an acquirer to accelerate its expansion into the global oil & gas markets as it commercialises its cutting-edge hardware & sof...
Leading boutique recruitment consultancy specialising in providing high-calibre candidates for both permanent and temporary support roles. The company is well established and has an extensive client base across a range of industries. Advising and aid...
A specialist technology diversity recruitment group that provides companies with high-quality candidates. The group's ethos is to promote equal opportunities for all. Through the use of advanced software a skilled workforce and a large pool of client...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.