Insight Business Support Plc (GB:KLSO) has released an update.
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Kelso Group Holdings Plc has announced the successful sale of its largest shareholding, NCC Group plc’s subsidiary Fox Crypto B.V., for approximately £66 million, a deal boasting a 16.5x EBITDA multiple. The proceeds from this divestment are set to significantly improve NCC’s net debt position, propelling it towards a robust net cash status. Kelso remains confident in NCC’s intrinsic value, particularly emphasizing the potential of its Cybersecurity and Escrow software divisions.
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