Private equity firm buys £32m stake in RIBA Enterprises

By 2018-06-12T09:22:00

Alan vallance headshot

Source: Morley von Sternberg

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.

This content is available to registered users | Already registered?Login here

You are not currently logged in.

To continue reading this story, sign up for free guest access

Existing Subscriber? LOGIN

REGISTER for free access on selected stories and sign up for email alerts. You get:

  • Up to the minute architecture news from around the UK
  • Breaking, daily and weekly e-newsletters

 

Subscribe to Building Design and you will benefit from:

Gated access promo

  • Unlimited news
  • Reviews of the latest buildings from all corners of the world
  • Technical studies
  • Full access to all our online archives
  • PLUS you will receive a digital copy of WA100 worth over £45

Subscribe now for unlimited access.