About the client
NCC Group is a global information assurance specialist providing organisations worldwide with expert escrow, verification, security consulting, website performance, software testing and domain services.
About the deal
Rickitt Mitchell have advised NCC Group on the acquisition of Netherlands based Fox-IT Holding B.V. NCC Group will raise a gross total of £126.3m through a Firm Placing and Placing and Open Offer at the Issue Price of 275 pence per New Ordinary Share. The deal will be earnings enhancing in the medium term. This acquisition is a key strategic development in NCC Group’s aspiration to become ‘the leading player’ in the expanding global cyber security market, as advanced persistent threats continue to drive security spending, with a focus on threat intelligence and ‘big data’ security analytics.
“The addition of Fox, with its quality management team, 250 technical security experts and personnel and high assurance cryptology and forensics capabilities, enables us to take a further substantial step towards our aspiration of becoming the leading player in the expanding global cyber security market.”Rob Cotton | CEO | NCC Group PLC