Kubus, a tech support firm located in Cirencester, has received a £9 million investment from BGF.
- The investment aims to accelerate Kubus’s growth in the global market.
- Paul Brennan joins the Kubus leadership team as a non-executive chair, providing expertise and support.
- BGF investors highlight Kubus’s strong vendor relationships and significant growth potential.
- Kubus has reported impressive financial performance, including a £35 million turnover.
A Cirencester-based tech support company, Kubus, has successfully acquired a £9 million investment from the growth capital investor BGF. The strategic investment is set to significantly enhance Kubus’s expansion plans, fostering a more robust global presence.
Following the investment, Paul Brennan has been appointed as the non-executive chair of Kubus, joining the leadership team. Brennan’s involvement brings valuable experience, particularly noted from his previous role on the board of BGF-backed Amdaris, which was acquired by Insight Enterprises Inc in 2023.
Andrew Humphrey, CEO of Kubus, expressed enthusiasm for the partnership with BGF, stating, “We are thrilled to partner with BGF and leverage their expertise and resources to take Kubus to the next level. As a business based in the heart of the Cotswolds, we’re proud to be working with businesses and organisations across the world.”
The move is expected to propel Kubus’s international growth ambitions, enabling faster innovation and greater value delivery to its clientele. Paul Brennan’s strategic addition to the leadership is seen as pivotal in navigating the exciting future that lies ahead.
Investors Edwin Davies and Louis Hall from BGF’s South West team led the deal. They affirmed their commitment to Kubus’s future, citing the firm’s impressive growth trajectory and strong vendor affiliations as key factors poised to capitalize on market opportunities.
Kubus has demonstrated substantial financial health, reporting a turnover of £35 million and an EBITDA of £2.6 million for the year ending March 31, 2024. The investment deal was meticulously advised by legal experts at Squire Patton Boggs and tax specialists at Marcussen, with BGF receiving counsel from Michelmores and PKF Francis Clark.
The substantial investment and strategic leadership expansion position Kubus for accelerated growth and strengthened global operations.
