Investment Summary

Beringea and BGF Invest In Lantum

On July 4, 2016, private equity firm Beringea and growth capital firm BGF invested in internet software and services company Lantum

Investment Highlights
  • This is Beringea’s 13th and BGF’s 4th transaction in the Internet Software and Services sector.
  • This is Beringea’s 43rd and BGF’s 95th transaction in the United Kingdom.

Investment Summary

Date 2016-07-04
Target Lantum
Sector Internet Software and Services
Investor(s) Beringea
BGF
Deal Type Venture

Target

Lantum

London, United Kingdom
Lantum is an online platform designed for healthcare providers and clinicians to connect and build long-lasting professional relationships without the need for expensive and bureaucratic, third-party agencies. Lantum was founded in 2012 and is based in London, United Kingdom.

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Investor(S) 2

Investor

Beringea

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.


DEAL STATS #
Overall 71 of 103
Sector: Internet Software and Services M&A 13 of 24
Type: Venture M&A Deals 30 of 56
Country: United Kingdom M&A 43 of 62
Year: 2016 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-02 Thread

London, United Kingdom

Thread is a free online personal styling service for men, which uses a unique combination of human stylists and powerful algorithms to make it easy for men to dress well. On signing up, users fill in questionnaires and upload photos of themselves, which help the stylist and algorithm sort through millions of items to create the best outfits for that particular individual. Thread was formed in 2012 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 Big Data Partnership

London, United Kingdom

Big Data Partnership Ltd. is a big data specialist solution provider. The company offers data science, big data engineering and certified training and support to diverse industries, including web, financial services, telecoms, utilities, defense and media.

Sell -
Investor

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 97 of 370
Sector: Internet Software and Services M&A 4 of 24
Type: Venture M&A Deals 2 of 35
Country: United Kingdom M&A 95 of 345
Year: 2016 M&A 13 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Litera Microsystems

Chicago, Illinois, United States

Litera Microsystems is a provider of a document technology solutions to the legal and life sciences communities. The Company focus is on helping organizations spend more time creating the highest quality documents and less time fixing them. Litera Microsystems was founded in 2001 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-14 genedrive

Manchester, United Kingdom

genedrive is a commercial stage personalised medicine and biotechnology company developing innovative diagnostics and biomarkers alongside providing contract research services to drug development companies. genedrive was founded in 2000 and is based in Manchester, the United Kingdom.

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