UK Data Center Minimum Bid Announced

December 24, 2009 - NCC today announced that minimum bid for the London based UK dedicated hosting provider has been announced. The minimum bid is officially £ 1,600,000 (Approximately 2,520,000 USD / 1,830,000 EUR). The company will be sold to the highest bidder on January 21, 2010.

Tom Millitzer, President of NCC stated that this is in the low end of his anticipated valuation range. The valuation represents .87X recurring revenues. According to Millitzer ball park valuations on a multiple of revenue generally range from .8 to 1.3 X revenues for firms of this type and often higher.

A third party respected London accounting firm performed the valuation. Millitzer noted that using standard valuation principals the report had valuations from as low as £ 1,200,000 to as high as £ 4,000,000 ( range $1.93m to $6.4m USD) for the firm. He continues that given the range and recent bid extension date that he would anticipate greater interest in the acquisition.

There is no stalking horse and the bid has been extended to Thursday January 21, 2010 at 12 noon (-5 GMT) local east coast US time. Bids are due in the NCC offices at that date as outlined in the Bid Package for this transaction.

UK Hosting Company has annual revenues of £ 1,900,000 or (Approximately 2,520,000 USD / 1,830,000 EUR) will be sold to the highest bidder on January 21, 2010 - There is no stalking horse.

NCC has prepared a comprehensive memorandum and bidding package to facilitate prospective bidders. For an NDA which will allow qualified buyers to receive the package contact Ms. Lisa O'Brien VP Administration at NCC by calling 239-282-5550 - 9-6 EST USA -5 GMT. 

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For additional information regarding this release contact Lisa O'Brien at 239-282-5550

NCC provides merger and acquisition services the I the Internet industry including, Web Hosting, Data Center, Broadband and Wireless (WISP) firms. NCC International has successfully represented firms in the  US, Canada, Australia and the UK. Our buyer connections included the Europe, South America and Asia.