BCIS secures backing from LDC
13 Jun 2022
We were impressed by LDC’s track record in supporting data-led, technology-based businesses like ours, as well as its experience of working with professional bodies as a co-investor. They also quickly understood the importance of our customer relationships, who rely on our services day in, day out, to deliver for their clients. This is an exciting new chapter for BCIS, its customers and its people.”
Dan Smith, Partner and Head of Yorkshire at LDC, said: “BCIS has built a unique position in the UK market, offering an invaluable service to its customers with unrivalled credibility and scope. Its products are trusted by thousands of professionals across multiple markets. We’re excited to be partnering with James, his team and RICS to enhance the quality, accessibility and breadth of those services.”
Richard Collins, Interim CEO, RICS, added: “Securing an investment partner like LDC will enable BCIS to build on its market-leading position, giving it the funding and expertise to develop. RICS is committed to ensuring BCIS has the right investment as a critical contributor to the provision of better information about the built environment. RICS is retaining an investment in BCIS and will continue to support and work closely with the business and its management team.”
RICS was advised by KPMG (corporate finance and legal).
BCIS management was advised by Shoosmiths.
LDC was advised by Graph Strategy (commercial due diligence), Addleshaw Goddard (legal) and PwC (financial).