Latest news with #Escode
Yahoo
28-04-2025
- Business
- Yahoo
UK's NCC Group explores strategic options for Escode business, including sale
(Reuters) - NCC Group, a UK-based global cybersecurity specialist, said on Monday it is exploring various strategic options for its Escode business, including a possible sale. The group comprises two distinct businesses — cyber security and Escode, which specializes in software escrow and verification services. Shares of NCC rose as much as 12% to 157 pence by 1530 GMT on the London bourse, reaching their highest since December 10, 2024. The company said no proposals have been received yet and no decision has been made regarding any transaction.
Reuters
28-04-2025
- Business
- Reuters
UK's NCC Group explores strategic options for Escode business, including sale
April 28 (Reuters) - NCC Group (NCCG.L), opens new tab, a UK-based global cybersecurity specialist, said on Monday it is exploring various strategic options for its Escode business, including a possible sale. The group comprises two distinct businesses — cyber security and Escode, which specializes in software escrow and verification services. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. Shares of NCC rose as much as 12% to 157 pence by 1530 GMT on the London bourse, reaching their highest since December 10, 2024. The company said no proposals have been received yet and no decision has been made regarding any transaction.
Yahoo
28-04-2025
- Business
- Yahoo
Buyout firms circle £400m NCC division Escode
A pack of private equity firms are circling one of the main subsidiaries of NCC Group, the London-listed cybersecurity specialist. Sky News has learnt that Montagu Private Equity and Bridgepoint are among the buyout firms which are interested in bidding for Escode, which specialises in software escrow and verification services. City sources said a deal for Escode could be worth between £300m and £400m, while NCC Group's entire market capitalisation on Monday afternoon was just over £440m. Several other private equity firms are also said to be interested, although a formal auction is not under way and the identities of the other parties was unclear. Shares in NCC rose by more than 6% during the trading session amid market speculation about a takeover bid or sale of parts of the company. The buyout firms' interest in Escode follows a string of reviews by NCC about potential disposals. In January 2024, the group said its board had "decided not to restart the strategic review of Escode at this juncture", while other parts of the company have also been the subject of exploratory discussions with possible buyers. NCC employs about 2,200 people across Europe, North America and Asia-Pacific. It announced on Monday that it had signed a £120m loan facility with a syndicate of banks comprising Barclays, HSBC, NatWest and Santander UK. NCC, Montagu and Bridgepoint all declined to comment.
Sky News
28-04-2025
- Business
- Sky News
Buyout firms circle £400m NCC division Escode
A pack of private equity firms are circling one of the main subsidiaries of NCC Group, the London-listed cybersecurity specialist. Sky News has learnt that Montagu Private Equity and Bridgepoint are among the buyout firms which are interested in bidding for Escode, which specialises in software escrow and verification services. City sources said a deal for Escode could be worth between £300m and £400m, while NCC Group's entire market capitalisation on Monday afternoon was just over £440m. Several other private equity firms are also said to be interested, although a formal auction is not under way and the identities of the other parties was unclear. Shares in NCC rose by more than 6% during the trading session amid market speculation about a takeover bid or sale of parts of the company. The buyout firms' interest in Escode follows a string of reviews by NCC about potential disposals. In January 2024, the group said its board had "decided not to restart the strategic review of Escode at this juncture", while other parts of the company have also been the subject of exploratory discussions with possible buyers. NCC employs about 2,200 people across Europe, North America and Asia-Pacific. It announced on Monday that it had signed a £120m loan facility with a syndicate of banks comprising Barclays, HSBC, NatWest and Santander UK.
