Alternative Investment News

Private Equity

Sverica Exits Coastal Cloud

peprofessional

5 months ago

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Sverica Capital Management sold its Fund V portfolio company Coastal Cloud Holdings to Tata Consultancy Services for $700 million. The transaction represented an exit for Sverica following a five-year ownership period that began in June 2020. Coastal operated as a single portfolio company throughout Sverica’s hold.
Founded in 2012 by Sara Hale and Tim Hale, Coastal provides Salesforce consulting, data analytics services, and managed services that customers use to modernize enterprise systems and...

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