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TDR Capital to acquire NCC's Escode for £275m

PRIVATEJan 18, 2026

Acquiring Company

TDR Capital

Acquired Company

NCC Group (Escode Division)

Greater LondonManchesterFinancial ServicesInformation TechnologySecurityCyber SecurityConsultingNetwork SecurityRisk Management

Description

TDR Capital is in late-stage talks to acquire Escode, a division of NCC Group, for £275 million. The deal would reposition NCC as a focused cybersecurity service provider. If successful, it could lead to a significant capital return to NCC's shareholders. The transaction follows a competitive bidding process with multiple buyout firms showing interest.

Quick answer

TDR Capital is acquiring NCC Group (Escode Division) for $359.1 million, announced January 18, 2026. TDR Capital is based in Greater London, England, United Kingdom.

How much did TDR Capital pay for NCC Group (Escode Division)?
The reported deal value is $359.1 million.
What does TDR Capital do?
TDR Capital is a private equity firm that specializes in investing in market-leading businesses.
Where are TDR Capital and NCC Group (Escode Division) based?
TDR Capital is based in Greater London, England, United Kingdom. NCC Group (Escode Division) is based in Manchester, England, United Kingdom.

Source: Fundz verified event record.

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Company Information

Company

TDR Capital

Location

Greater London, England, United Kingdom

About

TDR Capital is a private equity firm that specializes in investing in market-leading businesses. It has a controlling stake in Asda, a major supermarket retailer. The firm focuses on creating value through operational improvements. TDR Capital has a diverse portfolio across various sectors.

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Frequently asked

Who acquired NCC Group (Escode Division)?

NCC Group (Escode Division) was acquired by TDR Capital, based in Greater London. The deal was reported on January 18, 2026. TDR Capital is a private equity firm that specializes in investing in market-leading businesses. It has a controlling stake in Asda, a major supermarket retailer. TDR Capital is privately held and operates in Financial Services.

When did TDR Capital acquire NCC Group (Escode Division)?

TDR Capital's acquisition of NCC Group (Escode Division) was reported on January 18, 2026. TDR Capital is in late-stage talks to acquire Escode, a division of NCC Group, for £275 million. The deal would reposition NCC as a focused cybersecurity service provider. If successful, it could lead to a significant capital return to NCC's shareholders. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does NCC Group (Escode Division) do?

NCC Group is a global expert in cybersecurity and risk mitigation. The company provides a wide range of services, including software escrow and cybersecurity consulting. It has a strong presence in Europe, North America, and Asia-Pacific. It is privately held, operating in Information Technology, and is based in Manchester.

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