Investec advises Hg on its significant investment in CUBE

Hg and CUBE logos

Our role

Investec advised Hg, a leading investor in European and transatlantic software and services businesses on its significant investment in CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) technology.

The strategic partnership will see Hg invest alongside CUBE’s founder and CEO, Ben Richmond, and marks a pivotal step in CUBE’s mission to create an industry defining regulatory compliance and risk platform.

Investec has previously supported CUBE with a Private Capital-led debt facility as well as advising CUBE on its growth equity investment, CUBE’s first institutional raise.

Through Investec’s Private Equity relationships, led by its Sponsor Coverage team, alongside its Technology sector expertise, it was able to support Hg on its strategic investment in CUBE.

“We have got to know Investec over many years: they are deep in RegTech and this landmark transaction shows once again how the team can be instrumental in connecting founders with specialist investors in this exciting space.”
- Christopher Fielding, Partner, Hg

About CUBE

CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.

With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.

About Hg

Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.

This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.

With a vast European network and strong presence across North America, Hg’s 400 employees and $65 billion in funds under management support a portfolio of more than 50 businesses, worth over $130 billion aggregate enterprise value, with over 100,000 employees, consistently growing revenues at more than 20%.