Sverica Capital related stories
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Sverica exits Pivot Data Centres following $155 mln sale to RogersU.S.-based private equity firm Sverica International has sold its portfolio company Pivot Data Centres Inc to Rogers Communications Inc (TSX: RCI.A and RCI.B; NYSE: RCI) for $155 million. The Calgary-based Pivot, which was previously known as Care Factor Computer Services Inc, is a provider of colocation data centre solutions, and was acquired in a control-stake deal by Sverica in November 2009. The company also received growth financing from RBC Capital Partners Mezzanine Fund in 2011 and 2012.
- Angel-backed Granite Networks picked up by Rogers for $6.25 mln
Ottawa-based Granite Networks Inc, a provider of collocation, managed services and cloud hosting services to business and government clients, has been acquired by Rogers Communications Inc (TSX: RCI.A and RCI.B; NYSE: RCI) for $6.25 million. The company was the recipient of financing from angel investors, including the Ottawa-Gatineau-based Capital Angel Network, as reported /2013/05/01/ottawas-granite-networks-backed-angels/ by peHUB Canada in May. Rogers at the same time bought Pivot Data Centres Inc from U.S. private equity firm Sverica International.
- Abacus Backs Acquisition of Dexmet By Sverica
New York-based specialty finance company Abacus Finance Group provided $16 million in senior secured credit facilities to support the acquisition of Dexmet Corporation by Sverica International Management, the firm announced. Based in Wallingford, Conn., Dexmet makes highly engineered expanded foils and polymers used in various applications.
- Dexmet Gets Avante Mezzanine Backing
Avante Mezzanine Partners is providing debt and equity to support Sverica International’s acquisition of Dexmet Corp. Dexmet is based in Connecticut and develops metals and polymeric materials.
- Sverica Makes Growth Investment in Medical Services Company
Sverica, a San Francisco-based middle market private equity firm, has completed a recapitalization and growth investment in Inpatient Medical Services, an Akron, Oh.-based medical services company. Terms of the deal were not disclosed.
- Sverica Promotes Jordan Richards to Managing Director
The San Francisco-based private equity firm Sverica International has promoted Jordan Richards to managing director. Richards joined the firm in 2009.
- Bag’n Up in Colorado
Colorado Bag’n Baggage is merging with Magellan’s Travel Supplies, a California-based premium luggage company. Colorado Bag’n Baggage is owned by Gart Capital; Magellan’s is majority-owned by Sverica International, a private equity firm. Specifics of the transaction were not publicized.
- Deluxe Corp. Buys PsPrint
Deluxe Corp. has acquired the assets of PsPrint, an online supplier of custom printed promotional products and a portfolio company of private equity investor Sverica International. MHT Partners acted as exclusive advisor to PsPrint. Terms of the deal were not released.
- Sverica Buys The Center for Wound Healing
Sverica International has bought The Center for Wound Healing, which manages 32 wound care treatment centers in the Eastern U.S. Financial terms were not announced. Sverica, with offices in Boston and San Francisco, is a PE firm.