Investment Summary

Beringea Invests In Sovato

On July 19, 2024, private equity firm Beringea invested in healthcare services company Sovato

Investment Highlights
  • This is Beringea’s 5th transaction in the Healthcare Services sector.
  • This is Beringea’s 39th transaction in the United States.
  • This is Beringea’s 3rd transaction in California.

Investment Summary
Date 2024-07-19
Target Sovato
Sector Healthcare Services
Investor(s) Beringea
Deal Type Growth Capital

Target

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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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 103 of 103
Sector (Healthcare Services) 5 of 5
Type (Growth Capital) 33 of 33
State (California) 3 of 3
Country (United States) 39 of 39
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-13 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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