Beringer taps Deloitte partner for investment team

Luciano Cacioppo has joined Toronto-based private equity firm Beringer Capital from his role in leading the Deloitte Private practice in the Ontario region and as managing partner of its SME program. Luciano Cacioppo He joins as a managing partner on Beringer’s investment team and his appointment follows the completion of fundraising of Beringer Capital’s Fund IV, which attracted $350 million in May. The new fund’s focus is on companies well-positioned to begin accelerating digital transformation in their businesses. Beringer has scoped out opportunity areas that include the digital customer experience for brands and business services, DTC media, technology and marketing services, as well as data and AI software. At Deloitte, Cacioppo led a national team that specialized in delivering audit and assurance, tax, consulting and risk and financial advisory services to private companies. Under his leadership the practice saw significant growth year over year during the last decade, serving companies in sectors such as technology, media, retail, automotive, long term care, real estate, insurance, and professional services. “Beringer Capital is among the few private equity firms that were smart enough and nimble enough to capture early digital transformation trends,” said Cacioppo. “Due to the team’s laser focus and tactical guidance, the firm has seen several successful exits, which serves as an indicator of Beringer Capital’s impact on helping businesses thrive across media, e-commerce, technology and digital marketing industries.” According to Perry Miele, chairman and managing partner at Beringer, 2020 is a year unlike any other the firm has seen and the seismic shift in economic activity and consumer behavior is on that businesses will inevitably need to adapt to. “As we gear up for the launch of Fund IV, the addition of Lu to our investment team will add a new dimension of insight and strategy that will be critical to the success of mid-market companies that are well-positioned to benefit from an accelerated digital transformation trajectory,” Miele said.

Beringer taps Deloitte partner for investment team

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