Bregal Milestone
Bregal Milestone is a London-based pan-European software and technology growth private-equity firm, part of the Bregal Investments platform backed by the Brenninkmeijer family (COFRA), making direct structured-equity and growth investments into mission-critical European software scale-ups. It has c. EUR 1.3 billion of capital raised since inception across two funds (Fund I closed at EUR 400 million in 2018 and Fund II at EUR 770 million in 2023). The firm operates as Bregal Milestone LLP and is authorised and regulated by the UK Financial Conduct Authority under firm reference number 810979.
Bregal Milestone is a London growth equity firm with €1.3B AUM, 15 active companies and 10 exits.
- ·8 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 8 realized deals: 3 years.
- ·Top sector focus: SaaS (32% of portfolio).
- ·Fund cadence: ~4Y between vintages · last raise 2026.
Sector breakdown
25 companiesGeography breakdown
13 geographiesKey facts
Recent exits
Coverage notes
3 funds tracked, 25 portfolio companies (15 active · 10 realized). Verified weekly from public filings and deal announcements.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Funds & portfolio
Every fund Bregal Milestone has raised, with its portfolio companies. Hand-checked from public filings.
Bregal Milestone Fund IIIGrowth2026€915M0 assetsGrowth2026 · 0yr€915M0–
No portfolio companies tracked yet.
Bregal Milestone Fund IIGrowth2023€770M6 assets1 exitsGrowth2023 · 3yr€770M61
Unrealized
6 heldRealized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| TitanHQ Cybersecurity · Ireland | 2025 | 2025 | Trade Sale | CyberSentriq | – |
Bregal Milestone Fund IGrowth2018€400M9 assets9 exitsGrowth2018 · 8yr€400M99
Unrealized
9 held| Company | Entry |
|---|---|
| AnywhereNow SaaS · Netherlands | 2019 |
| Cafeyn TMT · France | 2020 |
| CyberSentriq UK, USA | 2021 |
| Infocert Cybersecurity · Italy | 2021 |
| Odilo EdTech · Spain | 2022 |
| Productsup SaaS · Germany | 2022 |
| Teamwork.com SaaS · Ireland | 2021 |
| TIA Technology SaaS · Denmark | 2020 |
| Uberall SaaS · Germany | 2021 |
Realized
9 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Arkphire IT Services · Ireland | 2018 | 2021 | Trade Sale | Presidio | – |
| Basware SaaS · Finland | 2019 | 2020 | Trade Sale | Accel-KKR | – |
| CUBE Biotech · UK | 2022 | 2024 | Trade Sale | Hg | – |
| Epassi Fintech · Finland | 2019 | 2023 | Trade Sale | TA Associates and Warburg Pincus | – |
| Epipoli Fintech · Italy | 2019 | 2025 | Trade Sale | Investcorp | – |
| Greenstorm Mobility · Austria | 2018 | 2023 | – | – | – |
| M-Files SaaS · Finland | 2021 | 2024 | Recapitalization | Haveli Investments, Bregal Milestone and CrossParadigm Capital | – |
| Paack Logistics · Spain | 2022 | – | Trade Sale | Colis Privé | – |
| Redstor Cybersecurity · UK | 2022 | 2025 | Trade Sale | CyberSentriq | – |
About Bregal Milestone
Bregal Milestone is a UK pan-European growth equity firm specialising in mission-critical software with €1.7 billion of capital raised since inception as of December 2024, headquartered in London. The firm was founded in 2018 as an affiliate platform of Bregal Investments, the private equity arm of the COFRA Holding / Brenninkmeijer family office, and operates with significant family-office anchor capital alongside institutional limited partners.
Investment thesis
Bregal Milestone deploys capital through two flagship funds (Fund I 2018 at €495 million, Fund II 2022 at €770 million), targeting majority and substantial minority growth equity investments in mission-critical European software companies with equity tickets of €30-150 million. Sector focus spans B2B software, regtech, fintech, HR tech, cybersecurity, digital media and transportation software, with geographic deployment across UK, DACH, Nordics, Benelux and Southern Europe. The platform combines dedicated value-creation capabilities through the Amplify data insights platform and Milestone Performance Partners operating bench.
Recent activity
Recent realised exits include software (2024) and consumer and loyalty tech (2025). Recent acquisitions include meteoviva (energy AI, 2024-2025), CoreGo (event payments), Beyond Now (cloud supply chain) and Allshares (equity plan administration). The platform continues active deployment of Fund II across the European software thesis.
Frequently asked questions
- What investment strategy does Bregal Milestone focus on?
- Bregal Milestone focuses on Growth strategies in the private equity space.
- How many portfolio companies does Bregal Milestone have?
- Bregal Milestone has 15 active portfolio companies and 10 completed exits and 3 funds tracked on GP Intel.
- Where is Bregal Milestone headquartered?
- Bregal Milestone is headquartered in London, United Kingdom.
- What is Bregal Milestone's assets under management?
- Bregal Milestone manages approximately €1.3B in assets under management.
- When was Bregal Milestone founded?
- Bregal Milestone was founded in 2018.
- What sectors does Bregal Milestone invest in?
- Bregal Milestone invests across Software, TMT.
- What are Bregal Milestone's recent exits?
- Recent realized exits by Bregal Milestone include: TitanHQ (2025) to CyberSentriq; Epipoli (2025) to Investcorp; Redstor (2025) to CyberSentriq; CUBE (2024) to Hg; M-Files (2024) to Haveli Investments, Bregal Milestone and CrossParadigm Capital; Epassi (2023) to TA Associates and Warburg Pincus; Arkphire (2021) to Presidio; Basware (2020) to Accel-KKR.
Similar firms
Other private equity firms tracked on GP Intel.
United Kingdom·€1.3B
United Kingdom·€1.4B
United Kingdom·€1.2B
United Kingdom·€1.2B
United Kingdom·€1.2B
United Kingdom·€1.1B
United Kingdom·€1.1B
United Kingdom·€1.5B
United Kingdom·€1.1B
United Kingdom·€1.6B
United Kingdom·€921M
United Kingdom·€920M