BGF invests £9 million in Kubus to accelerate global growth plans

This significant investment will support Kubus in accelerating its growth, expanding its service offerings and driving innovation as a trusted technology partner for blue chip businesses and public sector organisations worldwide.

Kubus, founded in 2003, has established itself as a key player in the technology industry, offering a range of IT infrastructure solutions focused on networking, server & storage infrastructure and cyber security. With a strong focus on customer satisfaction and targeted supporting services, Kubus has built a reputation for delivering high-quality products and services on a global basis. Kubus works with some of the most innovative vendors in the sector including Juniper Networks, Cisco, Dell, Fortinet and Pentera and has heavily invested in growing its managed services offering.

In the year ended 31 March 2024, Kubus delivered £35m turnover and £2.6m EBITDA. The £9 million investment from BGF will enable Kubus to:

Support growth through targeted acquisitions

Enhance its marketing and sales capabilities to reach a broader audience

Strengthen its operational infrastructure to support increased demand

Explore new market opportunities and strategic partnerships

Alongside BGF’s investment, the Kubus leadership team has also been bolstered with the appointment of highly experienced Non-executive Chair Paul Brennan through BGF’s Talent Network. Paul is an experienced Chair focusing on fast growth technology and tech-enabled businesses, and working with shareholders, executives, and founder teams to enable significant growth. He sat on the board of BGF-backed Amdaris which was acquired by Insight Enterprises Inc a Fortune 500 business in August 2023.

Andrew Humphrey, CEO 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.

Edwin 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.”

BGF's investment in Kubus is part of its ongoing commitment to supporting high-potential businesses across the UK and Ireland. This continues a strong year for BGF’s South West team following a £9m investment in Plant-Ex, a £5m investment in PureCyber and the successful exit of Hydrock which delivered a 6x multiple return and a 40 per cent IRR for BGF. With a portfolio of over 400 companies, BGF has a proven track record of helping businesses achieve their growth ambitions.

Advisors to the deal include:

BGF – legals: Michelmores (Adam Kean, Ben Adams, Francesca Hubbard); tax: PKF Francis Clark (Nicola Manclark, Lisa Cruise, Adam Kefford).

Kubus – legals: Squire Patton Boggs (Mark Yeo, Matthew Vautrey); tax: Marcussen (Georgina Heal, David Marcussen, James Clothier)