Sverica Capital related stories
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PE-backed RestorixHealth buys ParadigmRestorixHealth, a portfolio company of Sverica International Management, has acquired Paradigm Medical Management. No financial terms were disclosed. A wound management firm, Paradigm also runs outpatient wound care centers and the Amputation Prevention Centers of America network.
- PE-backed 7Summits adds to board of directors
Milwaukee-based social business solutions provider 7Summits has named Ron Gidwitz to its board of directors. Gidwitz is a co-founder of GCG Partners and the former CEO of the Unilever HPC Helene Curtis business unit. 7Summits is backed by Sverica.
- Blackstone completes acquisition of Sverica's majority stake in Accuvant
Sverica has completed the sale of its majority stake in Accuvant to Blackstone. No financial terms were disclosed. As a result of the transaction, Sverica will retain a minority stake in Accuvant and remain on its board of directors. Headquartered in Denver, Accuvant is a provider of information security solutions.
Beedie Capital provides funding to PE-owned Syscon Justice SystemsCanadian growth investor Beedie Capital Partners has provided undisclosed debt financing to Syscon Justice Systems Ltd. The transaction is intended to support the company's expansion and to refinance a portion of its existing debt. Based in Richmond, British Columbia, Syscon provides information technology management software and services to law enforcement and criminal justice agencies. It is a portfolio investment of U.S. private equity firm Sverica International, which bought the company from Securus Technologies Inc in 2010. The Syscon deal is Beedie's third done so far in 2014. Last month, the firm invested /canada/2014/03/14/beedie-capital-partners-commits-5-mln-to-grow-elastic-path-software/ in Elastic Path Software Inc, and in January, it invested /canada/2014/01/14/beedie-capital-partners-growthworks-back-responsetek-with-6-mln-in-funding/ in ResponseTek Networks Corp.
Blackstone buys most of Accuvant, valuing company at $225 mln: ReutersBlackstone Group, the world's biggest alternative asset manager, said on Tuesday it has agreed to buy most of cybersecurity firm Accuvant Inc from investment firm Sverica International.
- Blackstone buys most of Accuvant, valuing company at $225 mln
The Blackstone Group, the world’s biggest alternative asset manager, said on March 11 that it agreed to buy most of cybersecurity firm Accuvant Inc from investment firm Sverica International.
- Blackstone to buy majority stake in Accuvant
Blackstone has agreed to acquire a majority stake in Accuvant. No financial terms were disclosed. Simpson Thacher & Bartlett and Blackstone Advisory Partners advised Blackstone on the deal. Headquartered in Denver, Accuvant, which is backed by Sverica International, is a provider of information security solutions.
- Sverica backs RestorixHealth's buy of Candescent Healing
Private equity firm Sverica International said Tuesday that it has increased its stake in wound management company RestorixHealth. The investment supports RestorixHealth’s acquisition of Candescent Healing. No financial terms were disclosed. Headquartered in Tarrytown, NY, Candescent Healing operates a network of outpatient wound care centers.
- Sverica invests in 7Summits
Private equity firm Sverica said Wednesday that it has made an investment in 7Summits. No financial terms were disclosed. Headquartered in Milwaukee, 7Summits is a provider of social business consulting and agency services.
Canadian PE deal-making up in third quarter, but 2013 continues to lag 2012In the third quarter of 2013, both deals and dollars invested in Canada’s buyout and related private equity (PE) market showed growth, according to data provided by Thomson Reuters (publisher of peHUB Canada). Control-stake acquisitions, minority investments and other PE transactions totaled 68, up slightly from one year ago. Disclosed values totaled $4.0 billion, which is more than double the $1.5 billion of Q3 2012, and the highest level reached so far this year. However, to date in 2013, Canadian deal-making continues to lag activity in 2012, with 212 transactions absorbing $7.4 billion at the end of September, down 17% year over year. Click here for the complete Q3 2013 Canadian buyout-PE market report /canada/wp-content/uploads/sites/2/2013/11/Buyout-Data-Deck-Q3-2013-Final-English.pdf /canada/wp-content/uploads/sites/2/2013/11/VC-Data-Deck-Q3-2013-Final-English.pdf