February 22, 2008

For Press Inquiries:

Kelly O'Donnell
Director, Marketing and Communications
Beringea, LLC
kodonnell@beringea.com
(248) 489-9000

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Beringea announces investment in Path Group

DETROIT — Beringea backed the management buy-out of Path Group, an international distributor of consumer electronic accessories with located in Wixom, Mich., London (UK) and Hong Kong.

Path Group, founded in 1984, specializes in electronic entertainment accessories, including those for use with MP3 players, high definition and flat screen TVs, game consoles and audio equipment. In addition, Path markets its own brand, IXOS.

The company has clear plans for growth and has already made significant investment in both its people and its international operations network. Path Group has long standing relationships with all the major retailers both in the UK and Europe and has established a significant prescence in the U.S. and Russia.

The deal was led by Beringea Investment Director Jamie Kennell, who joins the Path Group board as a non-executive director.

Jamie commented, "Path is a successful and highly profitable player in the market, but we believe there is great potential for further growth through international expansion and development of the IXOS brand. We are pleased to have the opportunity to back a proven and experienced management team and a highly experienced chairman with international credentials."

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