Who are LDC?
LDC is the private equity arm of Lloyds Banking Group. It is a leading UK mid-market private equity investor, having backed over 600 management teams in its more than 35 year history. These include well-known brands such as Fever-Tree, Joules and Seabrook Crisps as well as more relevant current portfolio companies including multi-disciplinary engineering consultancy Patrick Parsons and Skipton-based Sigmat.
NBS is working with LDC’s Yorkshire & North East team who are based in Leeds and Newcastle and have been supporting our region since 1989.
How will the investment be spent by NBS?
The partnership between NBS and LDC brings a significant boost to the business, allowing NBS to realise its full potential, grow the business globally and deliver for customers around the world.
Will things change at NBS?
For our customers and colleagues, it will be business as usual for the immediate future, with the same management team in place working in partnership with our new (LDC) and existing (RIBA) investor.
Who runs NBS?
LDC, RIBA and the NBS are all significant minority shareholders acting in partnership to support the growth of the business. The business will continue to be led by CEO Richard Waterhouse and the existing management team.
Are there any changes to my NBS subscription?
There will be no immediate changes to subscriptions. It is business as usual for NBS colleagues and customers.
Does RIBA Enterprises Ltd still exist?
Our legal entity will become NBS, we’re working through the final stages of making this happen which will see our move to one unified brand.
Has the RIBA sold NBS?
No. This is a partnership investment from LDC.
What is the relationship between RIBA and NBS?
The RIBA together with LDC will work together to support NBS. Prior to this investment, the RIBA was the sole owner of RIBA Enterprises, which trades as NBS.
NOTE TO EDITORS
Notes
For further media information contact Melanie Mayfield for RIBA (Melanie.Mayfield@riba.org), Jennifer Scullion for NBS (Jennifer.Scullion@theNBS.com) , Sophie Millward for LDC (Sophie.millward@citypress.co.uk)
RIBA Enterprises Ltd was created as a wholly owned subsidiary of the RIBA in 1970. It trades as NBS. For more information visit: www.theNBS.com or http://www.twitter.com/theNBS
LDC is the private equity arm of Lloyds Banking Group with more than 35 years’ experience of backing ambitious management teams from UK-based mid-market companies. For more information visit: www.ldc.co.uk
RIBA Services: RIBA Bookshops, RIBA Publishing, RIBA Appointments and RIBA Journal continue to be wholly owned by the RIBA (RIBA 1834 Ltd).
The Royal Institute of British Architects (RIBA) is a global professional membership body that serves its members and society in order to deliver better buildings and places, stronger communities and a sustainable environment. Follow @RIBA on Twitter for regular updates http://www.twitter.com/RIBA
