Investment Summary

Beringea Invests In Complion

On February 13, 2019, private equity firm Beringea invested in internet software and services company Complion

Investment Highlights
  • This is Beringea’s 20th transaction in the Internet Software and Services sector.
  • This is Beringea’s 34th transaction in the United States.
  • This is Beringea’s 1st transaction in Ohio.
Investment Fate
  • Complion was sold to a strategic buyer in 2022.

Investment Summary

Date 2019-02-13
Target Complion
Sector Internet Software and Services
Investor(s) Beringea
Deal Type Venture

Target

Complion

Cleveland, Ohio, United States
Complion is a cloud-based eRegulatory platform that improves efficiency for research sites and sponsors and research institutions by enabling a sponsor-approved solution for collecting and managing a site network’s clinical trial documentation, ensuring that everyone in an organization follows standard processes and procedures while providing administrators visibility into compliance. Complion was founded in 2013 and is based in Cleveland, Ohio.

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Investor(S) 1

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 90 of 103
Sector: Internet Software and Services M&A 20 of 24
Type: Venture M&A Deals 46 of 56
State: Ohio M&A 1 of 1
Country: United States M&A 34 of 39
Year: 2019 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Fnatic

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Fnatic is a professional video gaming team, consisting of players from across the globe who all make a living through competing. Fnatic is the channel through which the most forward-thinking brands communicate with young people. Fnatic delivers industry-leading content, experiences, and activations through offices and facilities in cities between Los Angeles and Tokyo. Fnatic was founded in 2004 and is based in London, United Kingdom.

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