Literacy Capital completed the acquisition of a minority stake in Cubo.

Literacy Capital, a closed-end investment company focused on investing in and supporting small, growing UK businesses, completed the acquisition of a minority stake in Cubo, a co-working space and a modern work environment for people who desire to work outside the office. Financial terms were not disclosed. “Cubo is exactly the sort of business we are looking to partner with. It has grown very quickly as an independent entity but Marc & his team are savvy enough to recognise that partnering with someone at this stage is the best way to create a sustainable and valuable business. It operates in a rapidly growing market where there is a lot of focus on London, but the regional opportunity is significant if you have the right model. Cubo’s tailored approach to creating client office spaces in prime city real estate is clearly a winning formula given the calibre of its tenants. We are delighted to be supporting their continued roll out and expect the rapid growth to continue,” Richard Pindar, Literacy CEO.