Stirling Square- and TA Associates-backed Byggfakta Group to acquire NBS from LDC and RIBA.

Stirling Square- and TA Associates-backed Byggfakta Group, a data and software provider to the European construction industry, agreed to acquire NBS Enterprises, a construction technology platform, from Lloyds Development Capital and Royal Institute of British Architects, a global professional membership body driving excellence in architecture. The completion of the transaction is subject to the customary regulatory approvals. Financial terms were not disclosed. “The success of NBS over the last two and a half years proves the value of LDC’s approach to supporting experienced and ambitious management teams with the resource, capital and network to grow their businesses. They have delivered both international expansion and significant new product development in a short period of time to create a solid foundation for continued growth. We wish NBS all the best on the next stage of their growth journey with Byggfakta Group,” Martin Draper, LDC Chief Executive.