LDC Invests in Building Cost Information Service (BCIS)
June 13, 2022
LDC, the private equity arm of Lloyds Banking Group, has taken an investment stake in the Building Cost Information Service (BCIS), enabling BCIS to become an independent company while the Royal Institution of Chartered Surveyors (RICS) retains a minority share. The funding will support further investment in BCIS's technology platform, data assets and online services to enhance its cost benchmarking and valuation offerings for the construction, facilities management and insurance sectors.
- Buyers
- LDC
- Targets
- Building Cost Information Service (BCIS)
- Sellers
- Royal Institution of Chartered Surveyors (RICS)
- Industry
- Data & Analytics
- Location
- West Midlands, United Kingdom
- Transaction Type
- Growth capital
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