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Beringea Backs Management Buy Out of Donatantonio

20 December 2007 - London - Beringea Ltd, Manager of the ProVen VCTs, has backed the BIMBO (buy-in, management buy-out) of Donatantonio Limited, one of the UK's market leading importers and distributors of premium quality, authentic Mediterranean foods.

ProVen VCTs' portfolio company wins BAFTA

27 November - London - ProVen VCT & ProVen Growth & Income VCT portfolio company Espresso Education, has collected the British Academy Children's Award in the Learning Primary category at this year's BAFTA awards.

Beringea Completes Ten Deals in 2007 for the ProVen VCTs

Beringea, manager of ProVen VCT and ProVen Growth and Income VCT (PGI VCT) has completed ten deals for the VCTs since January 1, 2007. A solid mix of new expansion capital deals (Dianomi, Harmony Media Group, Coal Restaurants, Steak Media, Imagestate and a second-round investment in i-level) has been balanced with an investment in AIM-listed Coolabi, two management buy-outs (Eagle Rock and The Vending Corporation) and an investment in Optima Data Intelligence's acquisition of WDIS.

ProVen VCTs Invest in Imagestate

19 October 2007 - London - Beringea Ltd, manager of the ProVen VCTs, is pleased to announce a £2 million expansion capital deal with Imagestate - one of the world's leading image licensing companies.

ProVen VCTs Invest in Steak Media

5 September 2007 - London - Beringea Ltd, manager of the ProVen VCTs has announced a round of expansion capital funding to expert digital marketing agency Steak Media. Steak Media is the UK's 2nd largest independent search agency, developing search, affiliate marketing, display advertising, and other innovative digital strategies to enhance clients' marketing communications. Clients include a broad range of blue chip clients, including British Gas, JJB Sports, FCUK, Enjoy England and Time Out.

Beringea Warms Up with Coal Restaurants

4 September 2007 - London - Mid-market private equity firm Beringea Ltd has announced an expansion capital deal with Coal Restaurants. Beringea, manager of ProVen VCT and ProVen Growth & Income VCT, has committed £1.7 million to the emerging restaurant brand, which currently has one outlet in Wimbledon and several more under development across the UK. The funding was provided from both VCTs, and will enable Coal to rapidly roll out the concept nationally.

Beringea Backs MBO of The Vending Corporation

28 August 2007 - London - Beringea Ltd, manager of the ProVen VCTs, has backed a MBO of The Vending Corporation Ltd. Beringea completed the management buyout of The Vending Corporation, the UK’s leading independent distributor of chilled beverage and snack vending machines. The Vending Corporation represents a number of vending machine manufacturers, in the UK and most of continental Europe. The Vending Corporation’s customer base includes many major retail brands and European vending operating companies.

ProVen VCTs Invest In Harmony Media Group

10 July 2007 - London - Beringea Ltd, manager of the ProVen VCTs, is the lead investor in a £2.2m investment round in Harmony Media Group. Harmony Media Group is the newly formed parent company of Filmnight Digital and Saffron Digital. The company has a clear strategy of developing market-leading digital products and services across mobile and online platforms.

Beringea Backs Optima in WDIS Acquisition

15 May 2007 - London - Beringea, manager of the top-performing ProVen VCTs has been the lead investor in the acquisition of WDIS Ltd, a specialist business-to-business data management company, by Optima Data Intelligence Limited ("Optima").

Beringea Backs Eagle Rock MBO

15 May 2007 - London - Beringea Ltd, manager of the ProVen VCTs, has backed the management buyout of leading independent producer and publisher of music programming, Eagle Rock Group Limited ("Eagle Rock"), from HgCapital.

Beringea backs online lead generation company Dianomi

11 May 2007 - London - Beringea Ltd, manager of the top-performing ProVen VCTs, has backed growing online lead generation company Dianomi Ltd in an expansion capital deal for an undisclosed amount.

Beringea Backs Former Portfolio Management Stars in New Venture

3 May 2007 - Beringea, the manager of the top-performing ProVen and ProVen Growth & Income VCTs, has invested in the £5.5m AIM placing by intellectual property exploitation specialists, Coolabi plc ("Coolabi"). Beringea is one of the largest shareholders in the company.

ProVen VCTs Make the Top 10 Highest VCT Dividend Payers List

22 March 2007 - London - With last week's announcement of further dividend payments of 15p per Ordinary share by ProVen VCT and 7p per Ordinary share by ProVen Growth & Income VCT, both funds have now entered the 'Top Ten Highest VCT Dividend Payers' list (Source: Allenbridge).

Stuart Veale on VCTs - webcast

19 March 2007 - London - Beringea managing director Stuart Veale spoke to the Association of Investment Companies last week about the implications of the 2006 budget changes, managing risk in a VCT portfolio, and big issues for the sector moving forward.