Sverica exits Pivot Data Centres following $155 mln sale to Rogers
U.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.
23 September 2013•3 mins read
