The Cirencester-based Kubus has obtained a £9m investment from BGF to foster its growth and innovation.
- This investment will enable Kubus to accelerate its global growth initiatives and enhance customer value.
- Paul Brennan, joining from BGF’s talent network, is now part of the Kubus leadership team.
- Kubus caters to high-profile clients including Dell, Fortinet, and Cisco.
- The firm recorded a turnover of £35m and an EBITDA of £2.6m for the financial year ending March 2024.
Cirencester-based IT support firm Kubus has recently secured a significant £9m investment from BGF, a growth capital investor, aimed at bolstering its expansion and technological innovation. This financial backing is anticipated to substantially expedite Kubus’s global growth plans, allowing the firm to expand its reach and enhance the value delivered to its international clientele.
The addition of Paul Brennan to the Kubus leadership team as a non-executive chair is a noteworthy development. Brennan brings a wealth of experience from his previous role on the board of BGF-backed Amdaris, which was notably acquired by Insight Enterprises Inc. in 2023. His expertise is expected to greatly benefit Kubus as it navigates its ambitious growth trajectory.
Kubus’s clientele includes esteemed companies such as Dell, Fortinet, and Cisco. Such associations underscore the firm’s established reputation and credibility within the technology sector. The investment from BGF, led by Edwin Davies and Louis Hall from the South West team, is seen as a strategic move to propel Kubus further in the industry.
Chief Executive of Kubus, Andrew Humphrey, expressed enthusiasm about the partnership with BGF. He emphasised the firm’s pride in operating from the Cotswolds and serving organisations globally. This collaborative effort with BGF is expected to drive faster innovation and greater value delivery to their expansive customer base, making the future promising for Kubus.
Financially, Kubus reported a turnover of £35m and an EBITDA of £2.6m for the fiscal year ending March 2024, highlighting its robust financial health and capacity for future growth. The financial deal was facilitated with advisory support from Squire Patton Boggs and Marcussen for Kubus, while BGF received advice from Michelmores and PKF Francis Clark. Such comprehensive advisory engagement underscores the meticulous approach adopted by both parties in formalising this investment.
This strategic investment marks a pivotal step for Kubus, promising enhanced growth and innovation in the competitive tech industry.
