Beringea invests in Community Pharmacies (UK) Ltd
(Posted on 29/08/11)
Beringea, manager of the ProVen VCTs, has invested in Community Pharmacies (UK) Ltd (“CPL”) which is a newly established chain of joint venture pharmacies. The business was founded by Andrew Murray, a very experienced founder and manager of pharmacy chains. CPL will particularly focus on Health 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 Pharmacies (UK) Ltd and to work with such an experienced team.”
Andrew Murray, Founder & Managing Director of CPL, 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 Proven VCTs
The ProVen VCTs are managed by Beringea, an international venture capital firm with offices in London and Detroit. Beringea is the manager of funds including Proven VCT, ProVen Growth & Income VCT, ProVen Health VCT and ProVen Planned Exit VCT. Beringea launched its first VCT in 1996, making it one of the most experienced VCT managers in the UK. The Ordinary shares of ProVen VCT and ProVen Growth & Income are the highest performing VCT shares of their respective launch years, according to www.taxefficientreview.com.