Venture and growth investor Beringea UK has invested $4.6 million in Whistle Sports, a digital entertainment media company with offices in New York, Los Angeles, Dallas and London. The investment is part of Whistle Sports’ recently-concluded Series C round, with Beringea joining leading names in sports broadcasting and digital media in a round worth $27.5 million in total. Other investors in the round include TEGNA Inc., NBC Sports Ventures, Sky, and Emil Capital.
FARMINGTON HILLS, MICH. (October 26, 2016)— Beringea, a private equity firm providing growth capital to market-leading businesses, and Intel Capital co-led a $15.2 million funding round for portfolio company InContext Solutions, a global leader in virtual reality (VR) solutions for retailers and manufacturers. The capital will help the company accelerate sales and marketing efforts and expand its geographic footprint, and also improve its VR product portfolio, including further development of solutions for head-mounted devices.
FARMINGTON HILLS, MICH. (August 25, 2016)— Beringea, a private equity firm providing growth capital to market-leading businesses, announces a $4.2 million follow-on investment in All In One Medical, the market-leader in creating textiles for healthcare settings which actively destroy deadly and harmful pathogens. The funding for the British medical manufacturing business comes from Beringea’s UK and U.S. offices and will be used to support All In One Medical’s international growth plans, notably its expansion into the U.S. marketplace with a manufacturing plant in Michigan. Other plans include growth into the UK and Europe and Australia. All In One Medical will also be developing its product range, as it discovers numerous new applications for its patent-protected biotechnology. Beringea U.S. first invested in All in One Medical in 2015.
Ranir, a Grand Rapids-based manufacturer of oral care products, has acquired the Rembrandt teeth-whitening brand from Johnson & Johnson Consumer Inc. The deal includes all intellectual property and rights to the Rembrandt brand. Terms of the deal were not disclosed.
“Through our strong retail partnerships, we are already helping provide access to affordable oral self-care with store brand products that offer an exceptional value,” says Rich Sorota president and CEO of Ranir. “The Rembrandt brand platform will complement that portfolio.”
Rembrandt’s product offerings include a two-hour whitening kit, stain dissolving strips, fresh mint toothpaste, intense toothpaste, and whitening mouthwash. Read more.
Sharecare Inc, a U.S. health and wellness online platform co-founded by TV personality Dr. Oz, has agreed to acquire the healthy living business of peer Healthways Inc (HWAY.O), the companies said on Wednesday.
The sale offers a way for Healthways to refocus its efforts and investments away from its unprofitable population health division toward its growing targeted health programs business, which includes the Silver Sneakers Fitness brand, one of the country’s largest exercise programs for seniors. Read more.
Beringea, a private equity firm providing growth capital to market-leading businesses, announces a $6 million investment in Blis, an advertising technology company that uses location and demographic data to define digital audiences. The capital is part of a $25 million Series B round that will help fund Blis’ continued expansion into new markets, scale international sales and marketing activities, and enhance core data engineering capabilities. The company expects to open an operations and sales center in Michigan, bringing up to 20 new jobs to the state.
ZAGG Inc., the company known primarily for its tablet keyboard cases and screen protectors for mobile devices announced it will acquire Mophie —maker of the popular Juice Pack smartphone battery cases– in a deal worth at least $100 million. ZAGG will pay $100 million at closing (expected in Q1 2016), plus the amount by which 5X Adjusted EBITDA exceeds $100 million over a 12-month earn-out period (ending March 31, 2017).
Beringea, a private equity firm providing growth capital to market-leading businesses, announces a $4 million investment in ParkWhiz, the nation’s largest on-demand parking app. The capital will be used to accelerate growth nationwide and acquire competitor BestParking, making it the number one booking platform and richest repository of parking data in North America. ParkWhiz has parking operations in 150 cities, including integration with numerous parking lot operators across the state of Michigan. A pioneer in the advance of on-demand parking, the company recently announced a partnership with Ford Motor Company as part of the automaker’s strategy to lead the “connected car” revolution. Beringea was joined in the funding round by Baird Capital and existing ParkWhiz investor Jump Capital.
Beringea, a private equity firm providing growth capital to market-leading businesses, is pleased to announce the $90 million acquisition of portfolio company Sakti3, the leader in advanced solid-state battery technology, by British technology company Dyson. Dyson plans to continue work to bring Sakti3’s clean energy technology to market, possibly by licensing the battery technology to other interested parties. The acquisition represents one of the biggest cleantech deals in the United States in 2015.