Escode, which provides software escrow and verification services, has drawn interest from several private equity firms, though a formal auction has not yet been launched. The potential divestment comes amid ongoing strategic reviews by NCC Group, which has also explored the sale of other business units in recent months. News of buyout interest drove NCC's share price up over 6%, despite the firm's decision in early 2024 to pause a restart of the strategic review of Escode. NCC, which has a market capitalisation just over '440m, employs approximately 2,200 people across Europe, North America, and Asia-Pacific. In parallel, the group announced a new '120m loan facility with a banking syndicate including Barclays, HSBC, NatWest, and Santander UK, adding flexibility to its capital structure as it assesses its portfolio. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join...
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