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 拢1.1 million.
It represents 0.3% of the issued share capital of NCC, which has a market capitalisation of 拢347m.
Demystifying Tech: Beat the hacker threat – with Holly Grace Williams
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 拢335.1m and adjusted EBITDA of 拢41.4m.
“NCC is a special company on the UK stock market with two distinct businesses,鈥� said John Goold, CEO of Kelso. 鈥淭here is an experienced management team assembled and we support them to deliver shareholder value.”