Investment Summary

Beringea Invests In gloStream

On May 28, 2009, private equity firm Beringea invested in information technology company gloStream

Investment Highlights
  • This is Beringea’s 2nd transaction in the Information Technology sector.
  • This is Beringea’s 3rd transaction in the United States.
  • This is Beringea’s 3rd transaction in Michigan.

Investment Summary

Date 2009-05-28
Target gloStream
Sector Information Technology
Investor(s) Beringea
Deal Type Venture

Target

gloStream

Troy, Michigan, United States
gloStream, Inc. is a provider of physicians and healthcare facilities with electronic medical record and practice management solutions delivered and supported through a nationwide network of local technology partners.

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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 13 of 103
Sector: Information Technology M&A 2 of 9
Type: Venture M&A Deals 5 of 56
State: Michigan M&A 3 of 20
Country: United States M&A 3 of 39
Year: 2009 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-21 Population Genetics Technologies

Cambridge, United Kingdom

Population Genetics Technologies Ltd. develops and applies innovative approaches to genetic analyses and molecular diagnostics, including proprietary technologies that transform the economic viability of performing large scale genetic population studies, and that allow the sensitive and high confidence detection of rare variants and mutations for use in research and clinical decision making.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 Relume Technologies

Oxford, Michigan, United States

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

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