NBS employees (2018)

Case study

NBS: Partnering for growth

Leading specification platform for the construction industry continues to thrive with private equity support.

View case study details
Sector
  • Construction & property
  • Technology, Media, Telecoms

NBS is a market-leading provider of technology, content and data services to professionals in the architectural, engineering and construction industries.

Employees: >200

Deal type
  • Carve out
Investment

£31.8m

NBS is a market-leading provider of technology, content and data services to professionals in the architectural, engineering and construction industries. Headquartered in Newcastle, it employs more than 200 people.

Partnering with owners

In June 2018, the Royal Institute of British Architects (RIBA) and LDC agreed a partnership to support the future growth of the organisation.

We invested £31.8m for a significant minority shareholding in NBS. Together with the RIBA we are now supporting the management team, led by CEO Richard Waterhouse, as it delivers its future product development and international growth plans.

Our investment in NBS was named Private Equity Deal of the Year at the North East Dealmaker Awards and the Yorkshire Dealmaker Awards.

We are delighted to be working with LDC on the next stage of our growth plan that will see NBS strengthen its offering in the UK and overseas, following a recent expansion into Canada and Australia. Bringing in a new partner alongside our long term investor, the RIBA, will create the perfect mix of experience in the market with high growth expertise.”
Richard Waterhouse, CEO
NBS

Growing the customer base

In October 2019, NBS announced its 1,000th customer onto its flagship software-as-a-service (SaaS) product, NBS Chorus, a cloud-based platform for construction specification.

NBS is moving its 4,000-strong customer base of UK construction practices onto Chorus and has seen strong take up across the board, as the industry finally begins to recognise the importance of digitisation through a cloud-enabled, integrated construction workflow.

It has also ramped up its global operations, with the establishment of bases in Australia and Canada, allowing it to expand the global capabilities of Chorus.

A number of key appointments have been made both in the UK and internationally, together with an increased focus on values, culture and people across the organisation as it moves to become a complete SaaS operation.

Awards

Private Equity Deal of the Year

NBS – Insider Yorkshire Dealmakers