Buyout firms circle escrow arm of listed cybersecurity group NCC

The backstage equity radical which owns compliance and vigor services radical Sureserve is among the bidders circling a part of NCC Group, the London-listed cybersecurity company.

Sky News understands that Cap10 has expressed an involvement successful buying Escode, which specialises successful bundle escrow and verification services.

City sources said that Platinum Equity, a US-based buyout firm, was besides among Escode's suitors.

Interest from earlier bidders, including Bridgepoint and Montagu Private Equity, is said to person waned.

A woody could outgo immoderate purchaser successful the portion of £300m.

Last week, Sky News revealed that NCC Group had kicked disconnected a strategical reappraisal of its main cybersecurity operations which could besides pb to a sale.

The Escode process is being handled by bankers astatine Lazard, with the cybersecurity division's reappraisal overseen by Rothschild.

NCC has confirmed some sets of discussions to investors, though their result remains unclear.

The radical employs astir 2,200 radical crossed Europe, North America and Asia-Pacific.

Shares successful NCC Group were trading connected Wednesday greeting astatine astir 146.8p, giving the institution a marketplace valuation of astir £467m.

Cap10 and NCC declined to comment, portion Platinum could not beryllium reached for comment.