B2B information. LDC, the private equity arm of Lloyd’s Bank, is investing £31.8m for “a significant minority” shareholding in NBS, the commercial arm of the Royal Institute of British Architects (RIBA). NBS is a 40-year-old, market-leading provider of technology, content and data to the architectural, engineering and construction industries. Based in Newcastle, NBS employs more than 200 people and had a 2017 turnover of £20.5m. You have to assume that what RIBA described as “a fantastic deal” for its architect members is the first stage in an eventual sale of NBS.
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UK architects cash in on business arm
