Investment Summary

Cipio Partners, Beringea and Acton Capital Invest In MyOptique Group

On June 23, 2014, secondary investor Cipio Partners, private equity firm Beringea and venture capital firm Acton Capital invested in internet software and services company MyOptique Group

Investment Highlights
  • This is Cipio Partners’ 3rd, Beringea’s 8th and Acton Capital’s 10th transaction in the Internet Software and Services sector.
  • This is Cipio Partners’ 2nd, Beringea’s 29th and Acton Capital’s 3rd transaction in the United Kingdom.
Investment Fate
  • MyOptique Group was sold to a publicly-traded strategic buyer in 2016.

Investment Summary

Date 2014-06-23
Target MyOptique Group
Sector Internet Software and Services
Investor(s) Cipio Partners
Beringea
Acton Capital
Deal Type Venture
Advisor(s) GP Bullhound (Financial)

Target

MyOptique Group

London, United Kingdom
MyOptique Group Ltd. is an online optical segment with a full offering covering all three major segments in the eyewear market prescription glasses, contact lenses and sunglasses via its Glasses Direct, Sunglasses Shop, LensOn and MyOptique websites.

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Investor(S) 3

Investor

Cipio Partners

Munich, Germany

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Cipio Partners is an investment management firm focused on secondary investments, as well as early and later-stage venture capital transactions. Sectors of interest include technology, media, and communications. Cipio Partners was formed in 2003 and is based in Munich, Germany.


DEAL STATS #
Overall 20 of 27
Sector: Internet Software and Services M&A 3 of 5
Type: Venture M&A Deals 15 of 15
Country: United Kingdom M&A 2 of 3
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-03 HR New Media

Berlin, Germany

HR New Media is an online marketplace for job adverts. HR New Media is based in Berlin, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-04 Definiens AG

Munich, Germany

Definiens AG is a provider of image analysis and data mining solutions for quantitative digital pathology in the life sciences, diagnostic biomarkers and healthcare industries. Definiens software provides detailed readouts from whole tissue slides, cell-based assays and full body scans and allows correlating this information with data derived from other sources.

Sell $150M
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 55 of 103
Sector: Internet Software and Services M&A 8 of 24
Type: Venture M&A Deals 20 of 56
Country: United Kingdom M&A 29 of 62
Year: 2014 M&A 10 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-05 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-27 Maplin Electronics

Rotherham, United Kingdom

Maplin Electronics Ltd. is a specialist retailer of consumer electronics. Its national network of stores are a goldmine of useful consumer technologies and gadgets.

Buy £85M
Investor

Acton Capital

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1999
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Acton Capital is a late-stage venture capital firm focused on investing in web-based companies benefiting from the 'digital revolution'. The Firm has a special interest in companies and sectors benefiting from the transition to online activity and will consider opportunities across Europe and North America. Acton Capital Partners was formed in 1999 and is headquartered in Munich, Germany.


DEAL STATS #
Overall 20 of 39
Sector: Internet Software and Services M&A 10 of 18
Type: Venture M&A Deals 13 of 31
Country: United Kingdom M&A 3 of 5
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-17 Avenso

Berlin, Germany

Avenso GmbH operates an art gallery network and online retail for photographic art. Avenso GmbH is a photographic printing brand with museum grade quality, serving artists, professional photographers, and corporate customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-15 Mytheresa

Munich, Germany

Mytheresa is an online luxury fashion retailer. Mytheresa prides itself in offering the best choice of collections from more than 170 international top designers such as Balenciaga, Saint Laurent, Valentino, and many, many more. The product range includes clothing, shoes, bags, and accessories. Mytheresa was founded in 2006 and is based in Munich, Germany.

Sell -