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Print Edition StoriesTuesday, April 28, 2009
Sverica closes $265M private equity fund
By Mass High Tech staff
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Sverica International, a private equity firm based in Boston and San Francisco, has closed its third private equity fund, Sverica International III LP, with $265 million.
The fund received investments from university endowments, foundations, fund-of-funds and individuals, the firm reported. The third fund brings Sverica’s total managed assets to $425 million.
Sverica generally targets middle-market companies positioned to grow in their markets, especially service-oriented businesses and light industrial manufacturers. The firm’s third fund will target companies with enterprise values under $100 million and EBITDA greater than $3 million.
The private equity firm is focusing its current financing on for-profit post-secondary education, health care services, wind energy services, enterprise software and security and alarm monitoring.
Sverica International was established in 1993 by Gunnar Bjorklund, Alessandro Mina and Martin Steber. Among its portfolio companies are Accuvant, Delphon Industries and I-Coat Co.
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