Sverica sells Coastal to Tata Consultancy Services for $700 million after 5-year successful partnership.

Sverica Capital Management LP has declared the sale of its Fund V portfolio company, Coastal Cloud Holdings, LLC, to Tata Consultancy Services Limited (TCS) for $700 million. The successful partnership spanning five years resulted in Coastal quadrupling in size, enhancing profitability, and solidifying its position as a market leader among the largest and fastest-growing companies in its sector.