12 Mar 2026
AKD Advises TDR Capital on £275 Million Carve-Out Acquisition of Escode from NCC Group
"AKD acted as Dutch counsel to TDR Capital LLP on its carve‑out acquisition of Escode, a UK‑based software escrow and verification business, from NCC Group plc for GBP 275 million. The deal, subject to customary regulatory and closing conditions, sees funds managed by TDR take Escode as NCC completes the divestment of non‑core operations. The AKD M&A team advising on the transaction comprised Lennart Crain, Ralph Ledeboer and Florine Goemans."