Investment Summary

Beringea Invests In Delphinus

On September 3, 2013, private equity firm Beringea invested in medical products company Delphinus

Investment Highlights
  • This is Beringea’s 6th transaction in the Medical Products sector.
  • This is Beringea’s 20th transaction in the United States.
  • This is Beringea’s 13th transaction in Michigan.

Investment Summary
Date 2013-09-03
Target Delphinus
Sector Medical Products
Investor(s) Beringea
Deal Type Growth Capital

Target

Delphinus

Novi, Michigan, United States
Delphinus is a provider of breast ultrasound tomography imaging device that provides no radiation, no compression, and is not dependent on operator skills. Delphinus is committed to creating improved imaging methods that assist medical professionals to better define and diagnose breast disease, while establishing a better patient experience that can be available for all women, regardless of age, without the concern of radiation or pain. Delphinus was founded in 2010 and is based in Novi, Michigan.

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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 44 of 103
Sector (Medical Products) 6 of 7
Type (Growth Capital) 22 of 33
State (Michigan) 13 of 20
Country (United States) 20 of 39
Year (2013) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-26 Relume Technologies

Oxford, Michigan, United States

Relume Technologies, Inc. is a manufacturers outdoor LED products and smart grid control systems for outdoor lighting applications.

Sell $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-26 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.

Sell $9M
Mergr

Product

Company

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