Venture • Information Services

Beringea Invests In Trapelo Health

On July 18, 2011, private equity firm Beringea invested in information services company Trapelo Health

Investment Context
  • This is Beringea’s 1st transaction in the Information Services sector.
  • This is Beringea’s 11th transaction in the United States.
  • This is Beringea’s 8th transaction in Michigan.
Investment Fate
  • Trapelo Health was sold to a strategic buyer in 2021 for 65M USD.

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Investment Summary

Date July 18, 2011
Target Trapelo Health
Sector Information Services
Investor(s) Beringea
Deal Type Venture

Target Company

Trapelo Health

Grand Rapids, Michigan, United States
Trapelo Health is a health information services company helping community oncologists incorporate molecular oncology into their practice. Trapelo Health was founded in 2009 and is based in Grand Rapids, Michigan.
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Investor Overview 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 Context for Investor #
Overall 25 of 103
Sector: Information Services 1 of 1
Type: Venture 10 of 56
State: Michigan 8 of 20
Country: United States 11 of 39
Year: 2011 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-17 MatsSoft

Bedford, United Kingdom

MatsSoft Ltd. is an independent software company. It provides a web-based workflow and communications solutions. MatsSoft is headquartered in Bedford, UK and has approximately 60 customers globally across private and public sectors, including Vodafone, Nationwide Building Society, ITV and Adur & Worthing Councils. It was founded in 2008 and employs 56 people.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-29 Community Pharmacies

Little Stanney, United Kingdom

Community Pharmacies is a developer of health center-based pharmacies. Community Pharmacies is based in Little Stanney, England.

Buy -