Investment Summary

Beringea Invests In DIME Detroit

On March 21, 2014, private equity firm Beringea invested in education company DIME Detroit

Investment Highlights
  • This is Beringea’s 1st transaction in the Education sector.
  • This is Beringea’s 22nd transaction in the United States.
  • This is Beringea’s 14th transaction in Michigan.

Investment Summary
Date 2014-03-21
Target DIME Detroit
Sector Education
Investor(s) Beringea
Deal Type Venture

Target

DIME Detroit

Detroit, Michigan, United States
DIME Detroit is a is a music education college. DIME offers advanced music students a college-style experience in contemporary music, with expert musicians and music industry professionals teaching courses in guitar, bass, vocals, drums, songwriting and music entrepreneurship. DIME Detroit is based in Detroit, 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 48 of 103
Sector (Education) 1 of 1
Type (Venture) 16 of 56
State (Michigan) 14 of 20
Country (United States) 22 of 39
Year (2014) 3 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-25 Disposable Cubicle Curtains

Horsham, United Kingdom

Disposable Cubicle Curtains Ltd. (dba All in One Medical) is a manufactures and distributes of disposable and biocidal products.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-13 Great Lakes Caring

Jackson, Michigan, United States

Great Lakes Home Health Services, Inc. (dba Great Lakes Caring) is a provider of home health care, hospice care, as well as home medical equipment, daily to more than 6,000 patients throughout the Midwest. Great Lakes Caring, based in Jackson, Michigan, offers a broad range of services within the continuum of in-home health care including home health, hospice, home-based primary care, palliative care and private duty services. The company was founded in 1994 by Cherilyn Deary, and has built its business on a patient-centric commitment to superior quality and innovation. Great Lakes Caring has become one of the highest rated home health and hospice companies in the country, developing and implementing its products and services throughout the Midwest. The company employs more than 2,600 health care professionals in 25 offices, providing superior quality home health care, hospice care, palliative care as well as home-based primary care and private duty services to more than 9,000 patients daily.

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