Private Equity


Beringea's international team of professionals invests in dynamic businesses guided by exceptional management in growth industries. More than just finding and investing in a sector ripe with opportunity, we understand that our role is ultimately to invest in people—people who are passionate about their business and have the skills, drive and intelligence to succeed. With capital, experience and international reach, Beringea offers its portfolio companies the resources to develop strategy, evaluate growth opportunities and build value.

Funds managed in the U.S.:

The InvestMichigan! Growth Capital Funds target lead and co-investment opportunities in venture capital and small buyout stage companies with growth characteristics across a range of sectors. The InvestMichigan! Growth Capital Funds are managed by Beringea and Credit Suisse’s Customized Fund Investment Group.

InvestMichigan! Fund Investment Guidelines:

Sectors:
Advanced materials and manufacturing, healthcare and life sciences, media, communications, homeland security, IT, specialized consumer goods and clean technology.

Stage:
Expansion stage and small buyout stage

Investment size:
$2-$9 million

Form of investment:
Preferred or common equity, non-controlling interest

Geographic location:
The State of Michigan, U.S.

Key business metrics:
Experienced and competent management team, innovative and defensible business idea, strong exit potential

www.investmichiganfund.com link opens in new window

InvestCare partners logo

InvestCare Partners, L.P. provides equity to medium-sized, privately owned healthcare businesses located in the United States. InvestCare was formed in 1999; investors include private limited partners and the U.S. Small Business Administration.

A key component in the success of InvestCare is the relationship it forged with a number of its limited partners, specifically those involved in the healthcare industry. These strategic partners, comprised of several substantial healthcare systems, have provided a strong source of deal flow as well as access to a substantial network of physicians.

InvestCare Partners Investment Guidelines:

Sectors:
Medical devices, medical technology, healthcare services, other related areas

Stage:
Mid- to late-stage companies

Investment size:
$2-$5 million (will syndicate larger transactions or participate in syndications)

Form of investment:
Preferred or common equity, non-controlling interest

Geographic location:
United States

Key business metrics:
Experienced and competent management team, innovative and defensible business idea, strong exit potential

InvestMichigan! Mezzanine Fund

The InvestMichigan! Mezzanine Fund was formed in partnership with the U.S. Small Business Administration and targets investment opportunities in lower middle market Michigan companies. The Fund provides flexible funding options and value-added assistance to help companies reach their corporate goals. Investments are made across a broad range of sectors, including industrial manufacturing, business services, health care, technology, and consumer products.

The InvestMichigan! Mezzanine Fund is managed by Beringea and Credit Suisse’s Customized Fund Investment Group (CFIG).

InvestMichigan! Mezzanine Fund Investment Guidelines:

Transaction Profile

The InvestMichigan! Mezzanine Fund invests $5-$15 million in cash flow-positive companies, with revenues in excess of $20 million and EBITDA in the range of $3-$15 million. Prospective companies must also fulfill the following criteria:

Michigan Criteria:

  • Headquartered in Michigan;
  • Have significant presence in Michigan, or
  • Are in the process of planning an expansion in or relocation to Michigan.

Operational Criteria:

  • Strong financial performance and stable, predictable cash flows;
  • Thorough and adequately capitalized business plan with clearly defined growth strategy;
  • Strong and talented management team, and
  • Defensible market position and sound reputation with customers, suppliers and employees.

Transaction Structure

The InvestMichigan! Mezzanine Fund provides mezzanine debt or equity to companies seeking capital for ownership transitions, business expansions, leveraged buyouts, recapitalizations and refinancings. Transactions by the Fund will be typically structured as follows:

Base Security: Subordinated debt or equity

Coupon: A cash payment reflective of current market conditions plus additional payment-in-kind interest or dividends

Maturity: Subordinated notes’ maturity will range from 5 to 7 years

Equity Features: Equity-like securities may be included depending on the risk characteristics of the transaction and current market conditions

Board Representation: The Fund may have board representation or observation rights

www.investmichigan.com/mezzanine link opens in new window

Funds co-managed in the U.S. and UK:

The Global Rights Fund II invests in U.S. and UK media, content, brands, enabling technology and intellectual property rights. Global Rights II was formed in 2000 as a follow-on to Global Rights I Fund. The core investment philosophy behind the Fund is the exploitation of intellectual property rights across media platforms. With its global network and expertise in this sector, Beringea provides its portfolio companies with the experience and contacts needed to achieve success on a global basis.

Global Rights II Investment Guidelines:

Sectors:
Media, brands, intellectual property rights, enabling technologies for content distribution

Stage:
All growth stages considered

Investment size:
$1-$5 million (will syndicate larger transactions or participate in syndications)

Form of investment:
Preferred or common equity, non-controlling interest

Geographic location:
United States and United Kingdom

Key business metrics:
Experienced and competent management team, innovative and defensible business idea, strong exit potential

Funds managed in the UK:

Beringea welcomes the submission of innovative business ideas within our investment sectors. Please email with your business plan and funding request, and a member of our private equity practice will review your proposal.