Private equity firm buys £32m stake in RIBA Enterprises

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Deal frees up institute to focus on core work after long-running battle with tax man

RIBA has sold a large stake in RIBA Enterprises to a private equity firm for £31.8m.

LDC, the private equity arm of Lloyds Banking Group has bought what is described as a “significant minority shareholding” in the RIBA’s commercial arm, which trades as NBS.

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