Beringea in double deal

Beringea has backed the management buyout of TV and DVD maker Eagle Rock from European buyout firm Hg Capital – and it has led a £3 million investment in a UK data management company.

UK media buyout specialist Beringea has teamed up with edel music, a Hamburg-based music production, distribution and marketing company, and bought Eagle Rock, a UK TV maker, from rival buyout firm Hg Capital for an undisclosed amount.

Hg Capital backed the original £34 million management buyout of Eagle Rock in 2001. The Eagle Rock management team is led by chief executive Terry Shand, chief operating officer Geoff Kempin and finance director Simon Hosken.

Beringea has also led a £3 million investment in Optima Data Intelligence, a UK data management business, to finance the company’s acquisition of WDIS, a business-to-business data management company.

Some of the £3 million will go towards the acquisition of WDIS and the rest towards the future growth of Optima.

Trevor Hope at Beringea said: “During the last nine months we have worked closely with the management team of Optima in identifying key data intelligence assets. The acquisition of WDIS is the first stage in an exciting buy and build strategy.”

Beringea, which has offices in London, Detroit and Los Angeles, was founded in 1988.