World-leading impact protection brand acquired by Elysian Capital
Beringea, the transatlantic venture capital investor, has exited its investments in D3O as part of an acquisition of and investment in the company by Elysian Capital III LP. Beringea U.S. and UK funds both held equity stakes in the company. Terms of the deal were not disclosed.
D3O designs, manufactures, and distributes world leading impact protection products to customers around the globe. The D3O brand and the “Protected by D3O®” trademark are synonymous with market-leading protection and quality. The business has amassed an impressive portfolio of customers covering some of the world’s leading brands for protective equipment, across its key market segments of consumer protection (sports, outdoor and electronics) and PPE (defence and industrial).
Beringea UK and U.S. funds co-led a 2015 investment in D3O to support the further expansion of its impact protection products and international market growth. Beringea has provided on-the-ground support through its UK and U.S. offices to strengthen D3O’s growth throughout its key sectors and geographies.
Stuart Sawyer, CEO of D3O Holdings Limited, said: “We are excited to be working Elysian and have been impressed by the quality of their team. I’d like to thank our previous investors for the support they have given us in establishing D3O, and we now look forward to scaling the business and realising the significant opportunities to protect people and their things around the world.”
Charlie Rothstein, founder and senior managing partner of Beringea U.S. and former board member of D3O, commented: “D3O’s innovative line of products appealed to several large American markets, and having investment teams in both the U.S. and U.K., as Beringea does, can help inform those expansion strategies. We’re pleased by the global scale D3O’s management team has achieved and wish them well as they continue their exciting plans for growth under Elysian Capital.”
Harry Thomas, Investment Manager at Beringea UK, commented: “During the course of our investment, we’ve worked closely with the leadership team at D3O to firmly establish the brand as a pioneer in impact protection on both sides of the Atlantic. This acquisition is testament to the remarkable progress that the business has made, and we look forward to watching them embark on the next chapter in their growth with Elysian Capital.”
Beringea is a transatlantic venture capital investor that seeks to create lasting success for rapidly scaling entrepreneurial companies. With 30+ employees across offices in Detroit (U.S.) and London (UK), we provide patient and intelligent capital and a global footprint to back founders throughout their journey, helping them overcome barriers to scale and build international success stories.
Our track record of three decades of successful investing across a wide range of sectors has inspired our own entrepreneurial ethos; cultivated an exceptional community of entrepreneurs and investors; and fostered the experience required to create substantial businesses and deliver value for shareholders in our funds. The diversity of background, opinion, and expertise throughout our team reflects the community of founders and companies we support and enables us to collaborate effectively with portfolio founders to capitalize on opportunities to successfully reach their goals.For more, visit www.beringea.com.
About Elysian Capital LLP
Elysian Capital is an independent private equity fund specialising in the UK and Ireland lower mid-market. The management team combines entrepreneurial and business operational competence with an experienced private equity and leveraged debt capability, providing the full range of skills needed to make and develop successful investments in Elysian Capital’s target markets.
D3O are world leaders in impact protection, with offices in the UK, U.S. and China. D3O partners with a broad portfolio of world-class brands that include the U.S. Department of Defence, ZAGG, Triumph Motorcycles and Fox Racing. From body protection for professional athletes and motorcyclists to helmet liner systems that mitigate against traumatic brain injury, D3O is recogniszed as the authority on impact protection.For more, visit www.D3O.com.