Investment Summary

Beringea Invests In Optilogic

On September 13, 2023, private equity firm Beringea invested in internet software and services company Optilogic

Investment Highlights
  • This is Beringea’s 24th transaction in the Internet Software and Services sector.
  • This is Beringea’s 38th transaction in the United States.
  • This is Beringea’s 20th transaction in Michigan.

Investment Summary
Date 2023-09-13
Target Optilogic
Sector Internet Software and Services
Investor(s) Beringea
Deal Type Growth Capital

Target

Optilogic

Ann Arbor, Michigan, United States
Optilogic offers cloud-native supply chain network design solutions that enable businesses to evaluate trade-offs across financial performance, service levels, and systemic risk to design resilient supply chains even in the most dynamic, challenging environments. Optilogic is based in Ann Arbor, 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 102 of 103
Sector (Internet Software and Services) 24 of 24
Type (Growth Capital) 32 of 33
State (Michigan) 20 of 20
Country (United States) 38 of 39
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-17 Fiber By-Products

White Pigeon, Michigan, United States

Fiber By-Products is a processor, recycler, and manufacturer of wood pellets for home heating. Fiber By-Products collects wood by-products from sawmills & wood shops and further process the fiber into wood pellets, wood flour, wood shavings, and landscaping mulch. Fiber By-Products was founded in White Pigeon, Michigan.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-19 Sovato

Santa Barbara, California, United States

Sovato is a healthcare technology company offering surgical care by enabling and orchestrating safe, scalable, and profitable remote surgery and procedure programs. Sovato was formed in 2022 and is based in Santa Barbara, California.

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