Redcentric (RCN): Focused MSP strategy
This situation live
RCN Redcentric
23 Oct 2025 · Conditionally agreed; awaiting conditions precedent · −3% until the next step
The long stop date for completion is 31 May 2026.
10 Dec 2025 · Conditions partly satisfied; completion expected by 31 March · +7% until the next step
Whilst the technical long stop date for completion is 31 May 2026, the Board currently estimates that completion will occur on or before 31 March 2026.
1 May 2026 · Completed; initial £115.4m received · −2% until the next step
The remaining consideration is expected to be received by 31 July 2026, once the post completion adjustments have been concluded.
1 Jun 2026 · MSP-only; strategic investments made in H2 FY26 · −34% since
The second half also saw the Company implement certain strategic investments designed to drive accelerated revenue growth and improved earnings from H2 FY27 and beyond.
1 Jun 2026 · Pure-play MSP; new CFO appointed · −34% since
His extensive experience in scaling technology companies, executing M&A transactions and driving shareholder value on AIM will be highly valuable as we focus on accelerating growth in our MSP business
Focused MSP strategy
Pure-play MSP; new CFO appointed
Next: New CFO supports MSP growth acceleration
Every step · 5
- 23 Oct 2025 Conditionally agreed; awaiting conditions precedent – The long stop date for completion is 31 May 2026. ↗
- 10 Dec 2025 Conditions partly satisfied; completion expected by 31 March – Whilst the technical long stop date for completion is 31 May 2026, the Board currently estimates that completion will occur on or before 31 March 2026. ↗
- 1 May 2026 Completed; initial £115.4m received – The remaining consideration is expected to be received by 31 July 2026, once the post completion adjustments have been concluded. ↗
- 1 Jun 2026 MSP-only; strategic investments made in H2 FY26 – The second half also saw the Company implement certain strategic investments designed to drive accelerated revenue growth and improved earnings from H2 FY27... ↗
- 1 Jun 2026 Pure-play MSP; new CFO appointed – His extensive experience in scaling technology companies, executing M&A transactions and driving shareholder value on AIM will be highly valuable as we... ↗
What is happening
Redcentric: Focused MSP strategy – Pure-play MSP; new CFO appointed. ['Pure-play MSP; new CFO appointed']
- Announced
- 23 Oct 2025 · Conditionally agreed; awaiting conditions precedent
- Latest
- 1 Jun 2026 · Pure-play MSP; new CFO appointed
- Why
- Separating the two business units crystallised an attractive valuation for the data centre assets and lets the Group focus on the core MSP business.
- Value
- £122.8m · 140% of market value – estimated total completion consideration for sale of Redcentric Data Centres Limited (£83.74m shares plus £39.11m intercompany debt settlement)
- Buyer
- Stellanor Datacenters Group Limited
- The business
- Profitable · FY25 revenue £44.6m; adjusted EBITDA £16.6m; £8.4m after £8.2m property lease payments
- Use of money
- A tender offer, repay debt, buy-backs
- What it changes
- The data centre sale is complete and a growth-focused CFO with M&A experience replaces the interim finance lead, which fits the pure-play MSP story. The tender offer is unchanged and still pending.
What comes next
New CFO supports MSP growth acceleration.
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Also at Redcentric 0 open
Capital returnTender offer – paid · closed
Insider conviction1 director buying – £114k in 4 buys · closed
Takeover targetPossible offer – sale process · closed
Insider conviction1 director buying – £76k in 1 buy · closed
Redcentric – company page →