Skip to content
Home/GPs/Bregal Milestone
Bregal Milestone

Bregal Milestone

London, United Kingdom·Founded 2018··bregalmilestone.com

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 is registered at Companies House as Bregal Milestone LLP (OC421575) and is authorised and regulated by the UK Financial Conduct Authority under firm reference number 810979.

AUM
€1.3B
Funds
2
vintages 2018–2023
Portfolio
17
Exits
5
SectorsSoftwareTMT

Key facts

HQLondon, United Kingdom
Founded2018

Recent exits

Epipoli
Fintech · 2025 · 6yr hold
CUBE
Software · 2024 · 2yr hold
Epassi
Fintech · 2023 · 4yr hold
Arkphire
IT Services · 2021 · 3yr hold

Coverage notes

2 funds tracked, 22 portfolio companies (17 active · 5 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Bregal Milestone has raised, with its portfolio companies. Hand-checked from public filings.

2 funds
Bregal Milestone Fund IIGrowth
2023 · 3yr€770M6 active

Unrealized

6 held
AllsharesActive
HR TechFinland· Entry 2024
SoftwareSweden· Entry 2025
CoreGoActive
FintechFinland· Entry 2026
MeteoVivaActive
SoftwareGermany· Entry 2026
RidangoActive
MobilityEstonia· Entry 2025
SkySparcActive
FintechSweden· Entry 2025
Bregal Milestone Fund IGrowth
2018 · 8yr€400M11 active · 5 realized

Unrealized

11 held
SoftwareNetherlands· Entry 2019
CafeynActive
TMTFrance· Entry 2020
MobilityAustria· Entry 2018
InfocertActive
CybersecurityItaly· Entry 2021
M-FilesActive
SoftwareFinland· Entry 2021
OdiloActive
EdTechSpain· Entry 2022
PaackActive
LogisticsSpain· Entry 2022
SoftwareGermany· Entry 2022
RedstorActive
CybersecurityUK· Entry 2022
SoftwareIreland· Entry 2021
UberallActive
SaaSGermany· Entry 2021

Realized

5 exits
ArkphireExited 2021
IT ServicesIreland· Entry 2018
Trade Saleto
BaswareExited 2020
SoftwareFinland· Entry 2019
Trade Saleto
CUBEExited 2024
SoftwareUK· Entry 2022
Trade Saleto
EpassiExited 2023
FintechFinland· Entry 2019
Trade Saleto
EpipoliExited 2025
FintechItaly· Entry 2019
Trade Saleto
Track Bregal Milestone

Saved GPs appear in your watchlist, one click from your workspace.

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. Detailed buyer names and multiple data available on Pro at €29/month.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Cyrus Shey
Managing Partner
Philippe Lautenberg
Managing Partner
John Hales
Managing Director
Rob Hetherington
Partner & Head of Milestone Performance Partners
Last updated June 2026 · Sourced from public filings