VCT News
Beringea invests in Community Pharmacy LTD
August 30, 2011 — Beringea, manager of the ProVen VCTs, today announced that it has invested in Community Pharmacy Ltd ("CPL") which is a newly established chain of pharmacies. The business was started 12 months ago by Andrew Murray, a very experienced founder and manager of pharmacy chains. CPL will particularly focus on GP centre- based pharmacies, a fast growing segment in the industry.
Commenting on the deal, Stephane Mery, Beringea Investment Director, said "The pharmacy market is rapidly evolving and offers very interesting investment opportunities. We are very happy to be involved in the growth and development of Community Pharmacy Ltd and to work with such an experienced team."
Andrew Murray, CEO of Community Pharmacy said: "It is great to have Beringea as a supportive and active partner. They have a deep understanding of the Healthcare industry, which is invaluable".
About Beringea
Beringea is an international venture capital firm with offices in London and Detroit. In the UK Beringea manages ProVen VCT, ProVen Health VCT, ProVen Growth & Income VCT and Global Rights Fund II. Beringea launched its first VCT in 1996, making it one of the most experienced VCT managers in the UK. ProVen Growth & Income and ProVen VCT are highest performing VCTs of their launch years, respectively, according to www.taxefficientreview.com. For more information please visit www.provenvcts.co.uk.