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Sverica International
 
 
Overview: 

The expertise and entrepreneurial drive of Sverica's professionals are directed toward taking an active role in the future of acquired companies as well as identifying attractive investment opportunities. Our focus is not on a company's size but on its reputation with its customers, employees and suppliers, as well as its role in the community at large and potential for growth and development.
In addition to providing the resources needed for a company to grow and succeed in its market, Sverica's professionals assist management in developing and executing strategic plans, establishing appropriate financing structures, and positioning the company for expansion.
History: 

Gunnar Bjorklund, Alessandro Mina, & Martin Steber (the “Founders”) joined forces in 1993 to form Sverica International. They recognized an opportunity to acquire middle-market companies that were well positioned to grow in their markets but required a management catalyst to enhance performance.  The team felt that they could be that catalyst by bringing to bear their professional management skills through active management of these companies.

Based on this ideology Sverica was initially designed under the “search fund” model whereby equity investors were sought out to invest in this trio (as operators) as they canvassed the US to identify companies that could become leaders in their industry. Sverica created three platform investments under this model:

Automatic Detection Systems, Inc. (ADSI) (1994), a security alarm monitoring business based in Alabama. Under the leadership of the Founders,  the company experienced accelerated internal and external growth, completed multiple acquisitions and grew to be ranked amongst the United States' top 100 electronic security alarm companies. In October 1996 ADSI was sold to a strategic buyer generating returns to the investors far exceeding the original projections.
Camera World (1997), a retailer of cameras, camcorders and related accessories based in Oregon.  During the investment period the Founders upgraded the Company’s technology, developed e-commerce capability, launched a catalogue, and improved its operating infrastructure. During 1999 the Company was on pace to double sales and triple EBITDA. In November 1999 Camera world was sold to a financial buyer, again realizing equity returns which greatly exceeded Sverica's original projections.
Accudocs (1997), an Alabama based document processing business. Through organic growth and acquisition the Founders quickly grew this platform to became the largest independent document processing company in the US. In December 2000 Accudocs was sold to a strategic buyer generating very attractive returns to the investors.


After proving out their thesis with the success of  these investments, the Founders decided it was time to change the business model to that of a more traditional private equity investment fund. This structure would allow them to leverage their operational experiences across a broader portfolio of companies by partnering with seasoned executives to take on the day-to-day operating functions.  In 2001 Sverica International Fund I was raised with over $42MM in equity capital, which the Founders invested in six portfolio companies. Fundraising of Sverica International Fund II was closed in 2005 with $123MM of committed capital from leading institutional and individual investors.  

In January 2007 the Firm expanded the partnership with the addition of Frank Young as a Managing Director.  Frank comes to Sverica from PsPrint, a Fund I portfolio company, where he was CEO since 2003. Under Frank’s leadership PsPrint revenues quadrupled and cash flows more than tripled. This success was accomplished by expanding the executive team, investing in more automated manufacturing equipment, improving employee morale, addressing quality and service deficiencies, adding new products and services and by expanding manufacturing to the East Coast.


 
 
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