Published: January 21, 2026 at 3:33 pm
NCC Group has agreed to sell its Escode software resilience business to TDR Capital LLP for a total enterprise value of £275 million.
This means that the firm will become a pure-play global cyber security and resilience company.
The Manchester-headquartered group has entered into a sale and purchase agreement with entities controlled by London-based TDR, with completion expected no earlier than 30th April 2026, subject to customary conditions and regulatory approvals.
Escode is the global leader in software escrow and verification services, providing operational resilience and business continuity protection for third-party, business-critical software and data.
The business delivered FY25 revenue of £66.5m and adjusted EBITDA of £30.9m, with gross margins of 71.4%.