M&A Deal Summary

Beringea Acquires mophie

On September 8, 2010, private equity firm Beringea acquired electrical equipment company mophie from mStation

Acquisition Highlights
  • This is Beringea’s 4th transaction in the Electrical Equipment sector.
  • This is Beringea’s 8th transaction in the United States.
  • This is Beringea’s 6th transaction in Michigan.
Investment Fate
  • mophie was sold to a publicly-traded strategic buyer in 2016 for 100M USD.

M&A Deal Summary

Date 2010-09-08
Target mophie
Sector Electrical Equipment
Buyer(s) Beringea
Sellers(s) mStation
Deal Type Divestiture

Target

mophie

Kalamazoo, Michigan, United States
mophie, Inc. is a designer and manufacturer of power and storage solutions for mobile devices. The Company was formed in 2005 and is based in Kalamazoo, Michigan.

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Buyer(S) 1

Buyer

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 19 of 103
Sector: Electrical Equipment M&A 4 of 5
Type: Divestiture M&A Deals 1 of 1
State: Michigan M&A 6 of 20
Country: United States M&A 8 of 39
Year: 2010 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 Myine Electronics

Ferndale, Michigan, United States

Myine Electronics LLC (dba Livio Radio) is a is the developer of products and software to support smartphone/car connectivity. Its products include Bluetooth Internet radio car kits for iPhones and Android phones.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-01 Xanitos

Newtown Square, Pennsylvania, United States

Xanitos is a provider of outsourced hospital housekeeping services across the United States. Its services include daily and post-discharge cleaning of patient rooms, cleaning and maintenance of flooring in common areas and passageways, and responding to situational cleaning needs. Xanitos was founded in 2008 and is based in Newtown Square, Pennsylvania.

Buy -

Seller(S) 1

SELLER

mStation

El Monte, California, United States

Category Company
Founded 2005
Sector Electronics
DESCRIPTION

mStation Corp. is a provider of digital music players.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-04 mophie

Kalamazoo, Michigan, United States

mophie, Inc. is a designer and manufacturer of power and storage solutions for mobile devices. The Company was formed in 2005 and is based in Kalamazoo, Michigan.

Buy -