Investment in D3O by Beringea LLP
HMT LLP undertook due diligence for private equity firm Beringea LLP on their $13 million investment in developer of smart materials D3O.
Based in Brighton, D3O is a ground-breaking impact protection solutions company that licenses a range of unique patented smart materials. Its technology is used to produce a shock absorbing material that can be found in a range of products across the motorcycle, sport, footwear, electronics, military and work-wear sectors. D3O® was proven during the 2006 Winter Olympics, when the U.S. and Canadian ski teams pioneered D3O®’s revolutionary soft armor.
Of the total raised, approximately $13 million was invested by Beringea. The proceeds of the round will be used to support the further expansion of D3O’s impact protection products and its future international growth.
HMT undertook financial due diligence for Beringea on the investment.
Trevor Hope at Beringea commented:
“It was a pleasure working with the team at HMT during our recent investment in D3O. Their professional contribution was highly valuable to the process and we look forward to working with them again in the future.”
Paul Read commented:
“D3O operates in an innovative marketplace and with the development of the new designs and support from Beringea, Management are in strong position to lead the business through a period of rapid and significant growth.”
Why HMT
Passionate
We are passionate about delivering an optimal outcome for our clients and helping them achieve their personal objectives. We understand entrepreneurial businesses because we are one
Our Deals
Personal
Partners are supported by high-calibre professional staff who share our core values of enthusiasm, energy, entrepreneurialism and empathy to our client’s objectives
Our Team
Proven
Our Partners have unparalleled deal experience in the mid-market and are supported by a team of dedicated deal-doers with specialist capabilities and experience
Our Awards
Connected
We have an extensive network of acquisitive corporates, institutional investors and debt providers both in the UK and internationally through our membership of our global network ICFG
Our NetworkLatest News