CUBE announces strategic growth investment from Bregal Milestone
Summary
Serving a number of the worlds largest financial institutions, CUBE will leverage the investment to deepen product capabilities for customers, fuel further international expansion, and accelerate overall growth both organically and through acquisition.As global regulations continue to rapidly evolve, compliance departments particularly within larger financial institutions are finding it increasingly difficult to clearly identify applicable requirements and their impact across multiple lines of business, jurisdictions, products, and services. Therefore, freeing up compliance departments to focus on preventing non-compliance and ensuring good governance practices.We are highly enthusiastic to partner with CUBE for this next phase of growth. Given the current macro environment, customers across financial services and beyond will want to partner with providers that have a strong track record and a clear vision with the ability to execute now is the right time for us to bring in a strategic partner.We are building for the long term to ensure both our customers and their stakeholders success. Our customers can be confident in CUBE being with them every step of the way in delivering on their regulatory compliance strategy.This strategic growth investment from Milestone will support CUBEs next phase of expansion by leveraging both the growth firms extensive experience in scaling global technology companies and its in-house value creation team, Milestone Performance Partners. In addition, the firm expects to provide ongoing support for CUBEs further geographical expansion and to extend CUBEs technology edge for further organic growth.CUBEs advisors on the investment included; Investec Bank Plc, who led the advisory, Taylor Wessing LLP for legal and Buzzacott LLP for financial and tax.Milestones advisors on the investment included; ICAG Partners for commercial due diligence, Alvarez and Marsals (A&M) for both financial and tax due diligence, Endava Private Equity Group for technology due diligence, Deloittes Mid-market M&A Tax team for the transaction structuring, as well as Goodwin for the legal work.
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