EY Ireland advises Cubic Telecom on Investment from Softbank
Following the news today that SoftBank Corp. is investing in Cubic Telecom for a 51% equity stake in the company, at a valuation of over €900 million, EY Ireland’s Corporate Finance team are delighted to have acted as the joint sell side M&A lead advisor to Cubic Telecom.
Fergal McAleavey, EY Ireland Corporate Finance partner Strategy and Transactions, spoke to Barry Napier CEO of Cubic Telecom about the details of this exciting development and what it means for the company, its future and Ireland.
EY Ireland advised Cubic Telecom on the majority investment by SoftBank Corporation. EY Ireland Corporate Finance Partner Fergal McAleavey says
“EY was delighted to act as joint sell side M&A lead advisor to Cubic Telecom on this majority investment by SoftBank Corporation, which values Cubic Telecom at over €900 million and represents the largest ever software deal in Ireland. Cubic Telecom is a world leader in the field of software-defined connected vehicle solutions and this investment will power further global growth over the coming years.
Barry Napier and his team are true trailblazers and innovators, and EY has been proud to work with them over many years, including as part of the EY Entrepreneur of the Year programme.
“This investment is also a really welcome boost for Irish M&A activity, particularly for our thriving indigenous software and technology sectors, and bodes well for a more active 2024 in terms of M&A, investments and access to capital for businesses”.
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