LDC has exited its investment in Building Cost Information Service (BCIS) to Bowmark Capital after a four-year ownership period. The exit follows a carve-out from the Royal Institution of Chartered Surveyors (RICS) in June 2022. BCIS, a subscription-based platform offering building cost, valuation, and carbon data, achieved recurring revenue growth exceeding 25% annually during LDC’s tenure. Bowmark Capital plans to invest in BCIS’s data, technology, and AI capabilities to expand its market position.

The transaction highlights BCIS’s evolution from a niche construction data provider to a high-growth asset. LDC’s initial investment valued BCIS at an undisclosed figure, with the firm leveraging its expertise in cost benchmarking and insurance sector analytics. Bowmark’s acquisition aligns with its strategy to consolidate specialized data platforms, aiming to enhance BCIS’s scalability and product offerings. Industry analysts note this shift reflects rising demand for granular construction and carbon data amid regulatory and sustainability pressures.

BCIS’s transition to Bowmark underscores broader trends in private equity’s focus on tech-enabled, data-driven enterprises. The platform’s tools are critical for construction firms, insurers, and developers navigating cost volatility and decarbonization mandates. While financial terms of the exit remain confidential, the move signals Bowmark’s confidence in BCIS’s ability to capitalize on expanding digital infrastructure investments. Experts suggest this could intensify competition in the construction tech space.

Bowmark Capital now assumes stewardship of BCIS, which serves over 10,000 clients globally. The firm’s emphasis on AI integration may accelerate BCIS’s adoption of predictive analytics for cost forecasting and risk assessment. This development positions BCIS as a pivotal player in shaping how stakeholders manage construction economics in an era of supply chain disruptions and green building regulations.