An activist investor which has been vocal in the future direction of THG has invested in NCC Group.
Kelso Group Holdings Plc has snapped up a million shares in Manchester-headquartered cybersecurity specialist NCC Group Plc for around £1.1 million.
It represents 0.3% of the issued share capital of NCC, which has a market capitalisation of £347m.
NCC has two divisions – software resilience (escrow) and assurance (cybersecurity) – and operates across Europe, North America and Asia Pacific, employing around 2,000 people. It is led by CEO Mike Maddison (pictured).
For the year ended 31st May 2023, it had unaudited revenue of £335.1m and adjusted EBITDA of £41.4m.
“NCC is a special company on the UK stock market with two distinct businesses,” said John Goold, CEO of Kelso. “There is an experienced management team assembled and we support them to deliver shareholder value.”