Lambert Smith Hampton sold in £38m deal

Lambert Smith Hampton, which has Midlands offices in Lincoln, Nottingham, Bimingham, and Northampton, has been sold in a deal with £38 million, subject to shareholder approval.

Parent Company Countrywide Group has sold its commercial wing, Lambert Smith Hampton, to Great Global Holdings.

Lambert Smith Hampton had been put up for sale earlier, in 2016, but at the time led to no transaction.

After 10 months, Countrywide then announced the company was no longer for sale.

Countrywide bought the business in 2013 for £34.1 million.

This sale means Lambert Smith Hampton will become a ‘well-capitalised and debt free business’, with complete control of it future direction.

GGH has extensive international business interests with a particular focus on real estate.

Ezra Nahome, CEO, at LSH commented: “We have had a great six-year journey being part of the Countrywide Group Plc, and we are excited to enter 2020 with our new owner, who is fully behind our long-term vision and strategy.

“We look forward to driving disruption in our sector through the use of technology, innovation and data.”