A Cirencester-based tech support business has secured a £9m investment from growth capital investor BGF. Kubus, whose customers include Dell, Fortinet and Cisco, will use the funding to accelerate its growth.
Non-executive chair Paul Brennan, part of BGF’s talent network, has joined the Kubus leadership team following the investment. He was previously on the board of BGF-backed Amdaris which was acquired by Insight Enterprises Inc, a Fortune 500 business, in August 2023.
Andrew Humphrey, chief executive of Kubus, said: “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.
“This investment will allow us to accelerate our global growth plans, innovate faster, and deliver even greater value to our customers. With the added support of Paul Brennan in his new role as non-executive chair, the road ahead looks very exciting indeed.”
The deal was led by Edwin Davies and Louis Hall, investors in BGF’s South West team.
Mr Davies, investor at BGF, said: “We are excited to invest in Kubus and support their vision for the future. With strong vendor relationships and a long-standing, blue chip customer base, Kubus has demonstrated impressive growth and innovation in the technology sector.
“We believe they are well-positioned to capitalise on the strong market opportunities ahead and look forward to working alongside Paul Brennan and the Kubus management team on their growth journey.”
Kubus turned over £35m and delivered £2.6m EBITDA – a measure of financial performance – for the year ended March 31, 2024.
The company was advised on the investment deal by Squire Patton Boggs (legal) and Marcussen (tax). BGF was advised by Michelmores (legal) and PKF Francis Clark (tax).