Beringea related stories
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Abe's Market snags $10 mlnAbe's Market said Friday that it has closed $10 million in funding. Mistral Equity Partners led the round with participation from OurCrowd, Beringea and Bearing Capital. Headquartered in Chicago, Abe's Market is a provider of natural, organic products.
- Beringea backs UICO
UICO said Thursday that it has received an undisclosed amount of funding. Beringea led the round with participation from existing investors Plymouth Venture Partners and Hyde Park Angels. Headquartered in Elmhurst, Illinois, UICO is a touchscreen technology maker.
- Beringea's Espresso Group sold to Discovery Communications
Beringea has sold its portfolio company Espresso Group to Discovery Communications. The financial terms of the transaction were not disclosed. The exit is the sixth this year for the private equity group.
- Beringea portfolio company Livio sold to Ford
Beringea has announced its fund’s exit from Livio (formerly Myine Electronics DBA Livio Radio). The Ferndale, Mich.-based company, which builds products and software tools to support in-vehicle connectivity solutions, was bought by Ford Motor Co. for an undisclosed amount.
- Beringea Exits Relume Technologies
LED lighting company Revolution Lighting Technologies has acquired Relume Technologies from Beringea for $15 million. Based in Oxford, Michigan, Relume Technologies is a provider of LED lighting products and control systems.
- Beringea and First Analysis Invest in Freeosk
Freeosk has received $6 million in Series A funding. The lead investor was private equity firm Beringea, which made a $3 million investment. First Analysis, a Chicago-based private equity firm, also participated in the round. Based in St. Joseph, Mich., and Chicago, Freeosk is a marketing services platform.
- Pharos Capital Sells Stake in Pioneer Surgical: CORRECTED
Pharos Capital Group has sold its stake in Pioneer Surgical Technology for $130 million. Earlier this week, RTI Biologics, which is backed by Water Street Healthcare Partners, said it was buying Pioneer /2013/06/18/beringea-sell-pioneer-surgical-technology-rti-biologics-130-mln/ from Beringea. RTI paid $130 million for Pioneer. Marquette, Mich.-based Pioneer makes and distributes metal and synthetic implant products for the orthopedics, biologics, spine, trauma and cardiothoracic markets.
- Beringea Recapitalizes Fiber By-Products Corp.
Beringea, LLC, a private equity firm, said on Wednesday that it has recapitalized Fiber By-Products Corp. No financial terms were disclosed. The funding will help FBP management pursue its goals of expansion. Based in White Pigeon, Michigan, Fiber By-Products Corp. is a producer and recycler of wood products.
- Beringea to Sell Pioneer Surgical Technology to RTI Biologics for $130 Mln
RTI Biologics, a provider of orthopedic and other biologic implants, said on Tuesday that it will buy Pioneer Surgical Technology from Beringea. Under terms of the merger agreement, RTI will pay $130 million in cash to acquire all outstanding stock of Pioneer. Based in Marquette, Michigan, Pioneer Surgical is a maker of products for the spine, biologics, orthopedics, and cardiothoracic markets.
Jobs of the Week: Beringea, CID Hiring for Lower Mid-Market; Blumberg, Shell for VentureThis week’s vacancies include both something for those with expertise in the lower mid-market sector and also an associate and senior venture principal role for a technology-focused applicant.