Press Release: CubeLogic Takes on New Investor

FOR IMMEDIATE RELEASE

London, 15 February, 2024 – CubeLogic, the global leader in risk management software solutions, announces that it has taken on new external investment from Bowmark Capital, the leading mid-market private equity firm.  As part of the deal, Growth Capital Partners (GCP), a leading UK partnership investor, exits their minority investment, after just under four years.

Founded in 2009, CubeLogic provides an enterprise-grade SaaS solution that manages complex credit, compliance, liquidity and market risk for customers in the energy, commodities and financial services sectors.  The company’s unique RiskCubed platform leverages Business Intelligence to consolidate complex and fragmented data sources and to provide best-in-class real-time analytics, insight and reporting capabilities to its customers.  With over 150 people, CubeLogic has operations in the UK, US, Germany, Singapore and India and is growing revenues at over 30% per annum.

GCP invested in 2020, to support founder Lee Campbell and the management team to deliver the next phase of growth; significantly investing in talent, business systems and processes, whilst also refining CubeLogic’s product suite, developing a scalable GTM function and delivering further international expansion, particularly in the US.

Lee Campbell, Executive Chairman of CubeLogic, commented: “This is an important and significant milestone in the company’s growth story. We are thrilled and excited to be working with Bowmark Capital as we look to capitalise on our market position and continue to expand our footprint across globe. I would also like to thank GCP for their contribution to our success over the last four years; their partnership has been invaluable.

Richard Shaw, Partner at GCP added: “The growth of CubeLogic over the past four years has been outstanding and I am very proud of what has been achieved by Lee, Tom, Charlie, Natallia, David, Chris and all the Cubelogic team and I thank them for all of their efforts.  Through our specialist partnership investment approach we have been able to support a range of strategic growth initiatives that mean Cubelogic is now a market leading, global platform, well set for continued further international growth and we wish the entire team and the new investors the very best of future success.”

Reflecting on the transaction, CEO Tom Edwards states: “I am thrilled to be working with Bowmark Capital, who share our vision and goals to deliver future growth and success. They have a great track record and experience in supporting growing tech companies such as ours.”

Julian Masters, Managing Partner at Bowmark Capital commented: “Increasing market volatility, regulatory complexity and digital adoption are driving greater demand for robust, sophisticated and cost-effective solutions for risk management. CubeLogic’s cutting edge technology and differentiated enterprise risk management solutions mean it is uniquely positioned to capitalise on this trend, and we are excited to be backing Lee and the team in the next phase of growth.”

CubeLogic and GCP were advised on the transaction by Raymond James (Laura Maddison & Joe Donnelly) and Osborne Clarke (Tim Hewens & Leanne Wright).  With additional advice for CubeLogic management from Liberty Corporate Finance (Dan Martinez) and Osborne Clarke (Mike Freer).

About CubeLogic

CubeLogic is the leading provider of risk management software solutions to the energy, commodities and financial services sectors.  With a team of industry experts, robust frameworks, and strategic partnerships, CubeLogic technology and software enable organisations to monitor and manage the exposures arising from credit risk, market risk, liquidty risk and regulatory compliance, enabling them to analyse and mitigate risk effectively.  For more information on CubeLogic’s comprehensive risk management and compliance solutions, please visit www.cubelogic.com

About Growth Capital Partners

Growth Capital Partners (“GCP”) is a leading UK partnership investor specialising in intellectual capital led businesses across technology and services.  Founded in 1999, GCP has worked with 48 management teams to grow outstanding companies and create significant value for investors, stakeholders and wider communities. Its partnership model delivers entrepreneurial and highly valuable strategic support while enabling sustainable and consistent business growth.  Currently investing from GCP Fund V, GCP continues to partner with ambitious entrepreneurs to provide equity capital for growth, strategic support for accelerated scaling and liquidity for shareholders. See www.growthcapital.co.uk

About Bowmark Capital

Bowmark Capital (“Bowmark”) is a leading private equity investment firm specialising in technology, data and services companies. Established in 1997, Bowmark manages funds of over £2 billion and has made more than 50 investments. The firm invests up to £300 million per transaction through majority or significant minority stakes in companies with compelling growth prospects, that are seeking a supportive, value-added partner to help them realise their ambitions. With our strategic support and capital, we work in partnership with management teams to accelerate growth and build exceptional businesses. Bowmark Capital LLP is authorised and regulated by the Financial Conduct Authority.  See www.bowmark.com.

Media Contact: 

Felecia Hancock, Global Marketing Manager Felecia.Hancock@CubeLogic.com  

 

 

 

 

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