Norvestor Acquires Majority Stake in PHM Group

March 11, 2020

Norvestor has signed an agreement to acquire a majority of the shares in PHM Holding Oy (PHM), a Finland-headquartered residential and commercial property maintenance services provider. The transaction backs PHM's Nordic expansion and consolidation strategy alongside existing owner Intera Fund III Ky and management, with PHM reporting ~€120m revenue and ~1,200 employees.

Buyers
Norvestor
Targets
PHM Holding Oy (PHM Group)
Sellers
Intera Fund III Ky, Management (existing management shareholders)
Location
Uusimaa, Finland
Transaction Type
Buyout

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