Beringea portfolio company Gyro International acquired
DETROIT - Beringea announces the sale of portfolio company Gyro International, one of the world's largest integrated B2B brand communications agencies, to a U.S. private equity fund. The $97 million deal will fund Gyro's global growth and earned the Beringea managed funds, which focus on venture capital investing in the emerging media sector, a combined IRR of 58.6%.
Gyro was founded in 1991 and has offices in New York, San Francisco and 11 other cities around the world. The company provides an integrated suite of marketing services including brand strategy, direct marketing, on and off-line advertising, media planning, web marketing and event management. Its focus is the technology and financial services sectors and it is known for providing innovative solutions for clients, who benefit from high returns on investment. Gyro’s clients include Adobe Systems, Sony, Sun Microsystems, Oracle, Deutsche Bank, and American Express.
www.gyrointernational.com
About Beringea
Beringea is an international private equity and investment banking firm with offices in Detroit, Los Angeles, London and Shanghai. Beringea’s funds invest in a range of small to medium sized companies with the potential for high growth and strong returns for investors. Beringea manages the Global Rights Fund II, which invests in media, brands and enabling technologies, among others. For more information on Beringea's private equity activities, visit
www.beringea.com
Beringea Ltd. is authorised and regulated by the FSA in the UK. |
