Sverica Capital related stories
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Sverica Capital invests in RMSSverica Capital Management LLC has taken a majority stake in RMS Healthcare Management LLC. No financial terms were disclosed for the transaction in which Cadiz Capital LLC also participated. Based in Jacksonville, North Carolina, RMS is a management services provider to Med First, which offers primary care, urgent care and occupational medicine services across rural North Carolina and South Carolina.
- Sverica Capital Fund IV raises $275 mln
Sverica Capital Management LLC has closed its fourth private equity fund at its hard cap of $275 million. Sverica Capital Partners Fund IV LP will target business and IT services, healthcare services and high value industrial companies.
- Synoptek buys EarthLink's IT services business for $29 mln
Synoptek, a portfolio company of Sverica Capital Management LLC, has acquired EarthLink’s IT Services business. Five Points Capital and Portfolio Advisors are also investing. Zions Bank and Comerica are providing debt financing. Atlanta-based Earthlink, in a separate announcement, said the sale impacts approximately 1,700 customers that are serviced through data centers and office locations in the continental US and Canada. Earthlink said it would receive $29 million in proceeds for the business. Bank Street served as EarthLink's exclusive financial advisor and Troutman Sanders provided legal advice.
- Sverica exits Bartech
Sverica Capital Management LLC has sold Bartech Group Inc to Impellam Group plc. No financial terms were disclosed. Southfield, Michigan-based Bartech is a provider of workforce solutions.
- Sverica Capital invests in Synoptek LLC
Sverica Capital Management LLC has acquired a majority stake in Synoptek LLC. Financial terms weren’t announced. Irvine, California-based Synoptek is an IT management and computing company. The Bank Street Group LLC advised Synoptek.
- Resonetics buys Mound Laser
Resonetics, a portfolio company of Sverica Capital Management LLC, said Tuesday that it has acquired Mound Laser andPhotonics Center Inc. Financial terms weren’t announced. Mound Laser provides micro manufacturing of precise metal components for the medical device and defense industry.
- Sverica Capital sells MC Sign Company
Sverica Capital Management LLC said Wednesday it sold MC Sign Company to Caltius Capital Management. Financial terms weren’t announced. Mentor, Ohio-based MC provides signage and lighting services to a variety of multi-site industries, including quick serve restaurant, retail, convenience stores, and hospitality. TM Capital advised MC Sign Company and Sverica.
- Leonard Green-led group buys RestorixHealth
Sverica Capital Management LLC said Thursday that it completed the sale of RestorixHealth Inc. to an investment group led by Leonard Green & Partners LP. Financial terms weren’t announced. The other investors were also not announced. Tarrytown, New York -based RestorixHealth provides wound care management solutions to hospitals.
- Sverica International buys Resonetics
Sverica International Management said Thursday it has acquired Resonetics. Financial terms weren’t announced. Nashua, N.H.-based Resonetics provides laser micromachining manufacturing services for medical device and diagnostic companies.