Beringea scores 12x on Monica Vinader partial exit

Piper led the £20m investment in the company, of which it supplied £14m. Joining Piper was US consumer-focused investor Winona Capital, which injected £6m.

The deal marks the seventh investment from Piper's £107m fifth fund.

The fresh finding will be used to support Monica Vinader's expansion in the US.

Previous funding
Beringea first invested in Monica Vinader in October 2010 through its ProVen VCT and ProVen Growth & Income VCT funds.

In May 2013, Beringea, alongside private family business The Clark Group, invested £1.5m in the company.

Company
Founded in 2007 by Monica Vinader, the company offers "affordable luxury" jewellery. Items are sold through its three stores in London as well as in department stores including Harrods and Selfridges. The company is also present in Asia and the US.

Monica Vinader employs 168 people globally and generates sales of £20m.

People
Beringea – Karen McCormick (chief investment officer); Stuart Veale (managing partner).
Monica Vinader – Monica Vinader (founder).
Piper – Chris Curry (managing partner).

Advisers
Company – Bracher Rawlins, Matthew Cowan (Legal).
Vendor – Keystone Law, Dee Sian (Legal).
Equity – Pinsent Masons (Legal).

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• Topics
• Buyouts
• UK / Ireland
• Consumer
• Beringea Limited
• Piper Private Equity