Investment Summary

Beringea Invests In Micro-LAM

On June 15, 2020, private equity firm Beringea invested in machinery company Micro-LAM

Investment Highlights
  • This is Beringea’s 1st transaction in the Machinery sector.
  • This is Beringea’s 36th transaction in the United States.
  • This is Beringea’s 18th transaction in Michigan.

Investment Summary
Date 2020-06-15
Target Micro-LAM
Sector Machinery
Investor(s) Beringea
Deal Type Venture

Target

Micro-LAM

Portage, Michigan, United States
Micro-LAM is a manufacturer of laser-assisted diamond cutting tool systems for CNC machining. Micro-LAM offers state of the art cutting technologies through a retrofittable system that equips precision machines with a hybrid laser-diamond cutting system. This system is used to efficiently machine materials that are difficult to cut, such as ceramics, silicon, glass, and hard metals, thus creating extremely high-quality optics and precision components. Micro-LAM was founded in 2012 and is based in Portage, 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 99 of 103
Sector (Machinery) 1 of 1
Type (Venture) 54 of 56
State (Michigan) 18 of 20
Country (United States) 36 of 39
Year (2020) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-22 Luxury Promise

London, United Kingdom

Luxury Promise is a highly experienced authenticator of luxury goods. Luxury Promise enables consumers to shop sustainably for pre-owned luxury goods, with a focus on handbags. In addition to paying sellers cash upfront for their items, Luxury Promise goes through a rigorous quality and authentication process, providing in-house expert repairs and finishing to pre-loved goods where needed. The business has since scaled successfully, with operations in London and Dubai, and an outstanding selection of luxury brands including Hermes, Chanel, Louis Vuitton, and Van Cleef. Luxury Promise was founded in 2017 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-29 Commonplace

Manchester, United Kingdom

Commonplace is a provider of cloud based digital platform for community engagement. Commonplace is based in Manchester, United Kingdom.

Buy -
Mergr

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