Lomond Capital announced today it has received an undisclosed private equity investment from MML Capital Partners to build on its current momentum and accelerate future expansion in the UK’s rapidly expanding residential rental property market. MML is taking a minority share in Lomond to allow rapid expansion of the Group, across the UK.
The agreement with MML comes as Lomond confirms the appointment of a new Chief Financial Officer. Mike McGill joins Lomond from Murray International Holdings where he was Group Finance Director.
Mike McGill said: “I am delighted to be joining an established team at Lomond at the same time as they have secured equity funding to support and underpin the continued growth of the business. I look forward to contributing to the successful delivery of the strategy to the benefit of the existing and new stakeholders”.
FWB is delighted to have been able to support Lomond with the appointment of Mike McGill.