Hg, CUBE에 투자 발표
카릴 리온
0.00p
17:30 11/04/24
Hg, the Manager of HgCapital Trust plc ("HgT"), today announces an investment in CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) technology.
거래 조건은 공개되지 않습니다.
HgT will invest approximately £9.7 million in CUBE, with other institutional clients of Hg investing alongside HgT through the Hg Mercury 4 Fund.
HgT, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all Hg's investments.
Note that these figures only relate to HgT's share of Hg's overall investment in CUBE.
HgT's liquid resources available for future deployment (including all announced transactions, the undrawn bank facility and the full year dividend payable in May 2024) are estimated to be £691 million (30% of the estimated 29 February 2024 NAV of £2.3 billion).
The investment will reduce HgT's outstanding commitments to invest in Hg transactions to approximately £948 million (41% of the estimated 29 February 2024 NAV).
CUBE and Hg unite to create industry defining regulatory compliance and risk platform
LONDON, UK: 20th 2024 년 XNUMX 월
CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) technology, announces today that it has secured a significant investment from Hg, a leading investor in European and transatlantic software and services businesses.
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 revolutionise regulatory intelligence and change management in highly regulated industries.
Since 2011, CUBE has established itself as a trusted partner for many of the world's leading banks, insurers, asset managers and other highly regulated enterprises to deliver its cloud-based regulatory technology solutions to automate legal, compliance and risk functions.
CUBE's platform offers a comprehensive and robust source of classified, and meaningful AI-driven regulatory data covering every regulated country and territory across the globe. Headquartered in the UK, CUBE has operations across Europe, North America, Asia and Australia.
Ben Richmond, Founder and CEO of CUBE, said: "The solutions we provide to our customers are mission-critical and demand the highest standards of accuracy and data quality. To deliver this at a global scale requires significant resources and infrastructure to ensure customers are always one step ahead of their evolving regulatory obligations. With Hg's vast experience and expertise in scaling software businesses, we look forward to accelerating our growth and continuing to deliver innovative regulatory intelligence and change management solutions that customers can depend upon in the long term."
Richmond continues: "From foundation, CUBE has embraced the use of AI in everything we do and now in the era of generative AI the opportunities to drive further customer value in both realising efficiencies and reducing risk are significant. Quality and governance of AI is at the forefront of customers' agendas and CUBE will continue to invest significantly to deliver the industry's highest standards in this regard along with continued market-leading innovation, ultimately creating an industry defining regulatory compliance and risk platform."
With $6.5bn invested in the regulatory, compliance and financial technology sectors alone, Hg invests in technology companies that are transforming their industries. Hg will leverage this deep sector expertise to support CUBE in its next phase of growth, providing strategic guidance and operational support to help the company scale its business, enhance its product offering and expand its global footprint through both organic growth and acquisitions where synergies exist for CUBE's regulatory platform.
Christopher Fielding, Partner at Hg, said: "CUBE is an excellent example of a business that is using technology to solve real and pressing challenges for regulated industries. We have been impressed by CUBE's innovative approach to regulatory intelligence and change management and the strong demand for its solutions amongst regulated firms across the globe. Ben is a visionary for this sector and we are excited to partner with him and the CUBE team in achieving their growth ambitions."
Thomas Martin, Principal at Hg, said: "We have spent the last two years focusing on this sector and it's clear that CUBE has built a unique platform that scales to the most demanding customer requirements and is highly differentiated in its ability to deliver. We are excited to be working with CUBE and their customers over the coming years building out transformational capabilities in managing compliance risk."
거래 조건은 공개되지 않았습니다.
자세한 내용은 다음을 참조하십시오.
Hg
Tom Eckersley +44 (0)208 148 5401
Hg캐피탈 트러스트
로라 딕슨 +44 (0)20 8396 0930
브런 즈윅
아자데 바르지 +44 (0)207 404 5959
HgCapital Trust plc 소개
런던 증권 거래소(시세 표시기: HGT.L)에 주식이 상장되어 있는 HgCapital Trust plc는 투자자들에게 소프트웨어 및 서비스 부문의 고성장 민간 기업 포트폴리오에 유동성을 제공합니다. 이러한 사업에서 새로운 투자의 선택과 가치 창출은 투자자에게 우수한 위험 조정 수익을 제공한 장기간의 실적을 가진 경험이 풍부하고 자원이 풍부한 사모펀드 회사인 Hg가 관리합니다. 자세한 내용은 www.hgcapitaltrust.com을 참조하십시오.
The contents of the Hg, HgCapital Trust and CUBE's websites are not incorporated into, and do not form part of, this announcement.
RNS는 귀하의 IP 주소를 사용하여 약관 준수 여부를 확인하고, 귀하가 이 커뮤니케이션에 포함된 정보를 사용하는 방식을 분석하고, 그러한 분석을 익명으로 다른 사람과 상용 서비스의 일부로 공유할 수 있습니다. RNS와 런던 증권 거래소가 귀하가 제공한 개인 데이터를 사용하는 방법에 대한 자세한 내용은 개인 정보 보호 정책을 참조하십시오.