Investment Summary

Wavecrest Growth Partners, Beringea and Federated Hermes Private Equity Invest In EDITED

On April 15, 2020, growth capital firm Wavecrest Growth Partners, private equity firm Beringea and asset manager Federated Hermes Private Equity invested in e-commerce company EDITED

Investment Highlights
  • This is Wavecrest Growth Partners’ 1st, Beringea’s 3rd and Federated Hermes Private Equity’s 1st transaction in the E-Commerce sector.
  • This is Wavecrest Growth Partners’ 1st, Beringea’s 60th and Federated Hermes Private Equity’s 6th transaction in the United Kingdom.

Investment Summary

Date 2020-04-15
Target EDITED
Sector E-Commerce
Investor(s) Wavecrest Growth Partners
Beringea
Federated Hermes Private Equity
Deal Type Growth Capital

Target

EDITED

London, United Kingdom
EDITED is a Retail Decision Platform used by over 200 major brands and retailers to optimize their buying and merchandising decisions. Many brands and retailers have historically relied on guesswork and manual comparison shopping to make their product, design, supply chain, and pricing decisions. EDITED was founded in 2009 and is based in London, United Kingdom.

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Investor(S) 3

DESCRIPTION

Wavecrest Growth Partners is a private equity firm that looks to acquire B2B software and technology companies with $5 to $25 million of revenue. The Firm seeks companies where the founder is at an inflection point in taking the business to the next level. Wavecrest Growth Partners was formed in 2016 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 5 of 14
Sector: E-Commerce M&A 1 of 1
Type: Growth Capital M&A Deals 5 of 13
Country: United Kingdom M&A 1 of 3
Year: 2020 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 BigTime Software

Chicago, Illinois, United States

BigTime Software develops practice management tools that help professional services firms track, manage, and invoice their time. BigTime's industry-specific solutions are designed to speak the language of consultants of all stripes, from engineering and architecture to IT services. BigTime Software was founded in 2002 and is based in Chicago, Illinois.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-08 Stirista

San Antonio, Texas, United States

Stirista is a data-driven marketing agency that specializes in creating custom audience segments & executing campaigns via digital, email & social channels. Stirista was founded in 2009 and is based in San Antonio, Texas.

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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 97 of 103
Sector: E-Commerce M&A 3 of 3
Type: Growth Capital M&A Deals 31 of 33
Country: United Kingdom M&A 60 of 62
Year: 2020 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 Lumar.io

London, United Kingdom

Lumar provides true scalability of SEO data via its cloud-based platform that is much better suited to the needs of large enterprises compared to locally-based crawlers that run on a user’s computer. DeepCrawl’s enhanced API provides users the ability to connect to productivity tools like Jira, Trello, and Asana and plug custom data sets into dashboarding platforms like Tableau, Microsoft Power BI, Klipfolio and Data Studio. Lumar was founded in 2010 and is based in London, United Kingdom.

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FOLLOWING 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.

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Investor

Federated Hermes Private Equity


Category Asset Manager
Founded 2010
PE ASSETS 12.9B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Federated Hermes Private Equity is a global investor in private equity funds as well as direct co-investor. The Firm manages assets on behalf of institutional investors with a focus on private markets. Federated Hermes Private Equity is headquartered in London.


DEAL STATS #
Overall 10 of 13
Sector: E-Commerce M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 4
Country: United Kingdom M&A 6 of 9
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 Insparya

Porto, Portugal

Insparya is a clinical group exclusively dedicated to diagnosis, treatment and research in health and hair transplantation. It has clinics in Lisbon, Porto, Braga and Algarve (Portugal), and also in Madrid and Marbella (Spain). Insparya was founded in 2009 and is based in Porto, Portugal.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-08 Job&Talent

Madrid, United Kingdom

Job&Talent is a digital temp staffing agency. Job&Talent was founded in 2009 and is based in Madrid, Spain.

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