The private equity firm, which owns a majority stake in Asda, is completing a \u00a3275m deal to buy a division of listed cybersecurity firm NCC Group. TDR Capital is in late-stage talks to buy Escode, which has been the subject of takeover talks since last summer.<\/p>\n
Bank sources said a deal between TDR and NCC for Escode, which specializes in software escrow and verification services, could be completed early this week. TDR is said to have beaten off competition from a number of rival suitors, and other buyout firms that have shown interest in Escode reportedly included several other firms.<\/p>\n
If completed, NCC would be left as a pure-play cybersecurity services company and the remaining entity would be repositioned toward higher-value, recurring revenue streams. NCC has stated that if Escode were to be sold, it would consider a significant return of capital to shareholders, beyond a previously announced initial share repurchase program.<\/p>\n
NCC employs around 2,200 people in Europe, North America and the Asia-Pacific region. Shares closed at 139.8p on Friday, giving it a market capitalization of around \u00a3440m. The company had also explored a sale of its cybersecurity business last summer.<\/p>\n
NCC and TDR declined to comment on the deal. The acquisition is expected to be completed soon, with TDR Capital emerging as the successful bidder for Escode.<\/p>\n","protected":false},"excerpt":{"rendered":"
Private Equity Firm TDR Capital to Acquire Escode Introduction to the Deal The private equity firm, which owns a majority stake in Asda, is completing a \u00a3275m deal to buy a division of listed cybersecurity firm NCC Group. TDR Capital is in late-stage talks to buy Escode, which has been the subject of takeover talks<\/p>\n","protected":false},"author":1,"featured_media":29730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[16857,403,743,2242,22294,3254,1791,3896,1287,1784,17616,22519,22520,2956,22521,759,3137],"class_list":{"0":"post-29729","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-asda","9":"tag-capital-economics","10":"tag-company","11":"tag-computer-security","12":"tag-escrow","13":"tag-europe","14":"tag-market-capitalization","15":"tag-mergers-and-acquisitions","16":"tag-north-america","17":"tag-private-equity","18":"tag-private-equity-firm","19":"tag-pure-play","20":"tag-return-of-capital","21":"tag-service-economics","22":"tag-share-repurchase","23":"tag-shareholder","24":"tag-value-economics"},"_links":{"self":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/29729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/comments?post=29729"}],"version-history":[{"count":1,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/29729\/revisions"}],"predecessor-version":[{"id":29731,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/29729\/revisions\/29731"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/media\/29730"}],"wp:attachment":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/media?parent=29729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/categories?post=29729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/tags?post=29729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}