Alantra advises Cubiks on its sale to US-based PSI Services

Oct 2019

Sell-side advisory

Alantra, the independent global mid-market investment banking and asset management firm, has advised Cubiks Group Ltd (Cubiks), an international technology-enabled assessment and development consultancy headquartered in Guildford, on its sale to US-based PSI Services (PSI). The acquisition consolidates PSI’s position as the pre-eminent talent management provider and will strengthen the talent solutions offering for its and Cubiks’ customers.

Cubiks designs and delivers robust technology-led solutions for assessing and developing talent. Combining business psychology with the best online solutions, Cubiks helps more than 1,000 clients across the globe gain the insight they need to make the best talent assessment and management decisions. Cubiks has offices in 13 countries across Europe and Asia Pacific.

This is the latest in a number of transactions in the consultancy sector advised by Alantra, which has a strong track record in the space having also advised on the management buy-out of YSC Consulting, the leadership consulting and assessment business.

The Alantra deal team comprised partner Richard Holden, Robert Young, Joshua Jones and Oliver Demaine.

Richard Holden, partner at Alantra commented: “We are pleased to have advised Cubiks on its sale to US-based PSI. The deal underlines the continued momentum in the tech-enabled consultancy space, particularly for those looking to broaden and internationalise their service offering, an area in which we have deep sector specialism. Alantra’s global consultancy sector focus and international reach meant that we were able to advise the business on its sale to an overseas PE-backed trade buyer, positioning the business for continued growth with PSI as an investment partner.”

Martin Smith, CEO, Cubiks said: “Cubiks has for 20 years been empowering people to achieve their potential through our market-leading talent assessment solutions.  To take these solutions to a wider audience we’ve been seeking a partner who really understands our market and is committed to investing in growth. This is a great opportunity for our employees and clients alike as our businesses complement each other perfectly across market offerings and geographic footprint.  We are really grateful to Alantra for its support on this journey.”