Investment Summary

Beringea Invests In MYCS

On June 20, 2018, private equity firm Beringea invested in furniture company MYCS

Investment Highlights
  • This is Beringea’s 2nd transaction in the Furniture sector.
  • This is Beringea’s 1st transaction in Germany.

Investment Summary

Date 2018-06-20
Target MYCS
Sector Furniture
Investor(s) Beringea
Deal Type Venture

Target

MYCS

Berlin, Germany
MYCS has pioneered a personalized shopping experience in furniture, providing shoppers with the tools to customize the design, size, material, and color of its entire product range of wardrobes, sofas, shelving, tables, and chairs. MYCS has used this innovative approach to tap into a growing demand for immediate, convenient, and engaging customization. MYCS was founded in 2014 and is based in Berlin, Germany.

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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 82 of 103
Sector: Furniture M&A 2 of 2
Type: Venture M&A Deals 39 of 56
Country: Germany M&A 1 of 1
Year: 2018 M&A 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Watchfinder.co.uk

Maidstone, United Kingdom

Watchfinder.co.uk Ltd. is a platform to research, buy and sell premium pre-owned watches, both online and through its seven boutiques. Watchfinder.co.uk Ltd. was founded in 2002 and is based in Maidstone, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-27 Cipher

London, United Kingdom

Cipher is a provider of patent analytics software designed to enable businesses to access data about patented technology with greater speed and accuracy. Cipher harnesses artificial intelligence and machine learning algorithms to classify, identify, and analyze patents in ways that have traditionally involved intellectual property specialists in an expensive and time-consuming process. Cipher was founded in 2013 and is based in London, United Kingdom.

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