Apax Funds Takes Norva24 Group AB Private

May 19, 2025

Apax Funds (acting through Nordahl BidCo AB) completed a recommended cash offer to take Norva24 Group AB (publ) private with acceptance from roughly 98% of shareholders. The transaction follows exits by existing investors including Valedo Partners and Nordstjernan after a period of strong organic growth and more than 50 add-on acquisitions that grew Norva24 to roughly NOK 4bn in revenue.

Buyers
Apax Funds (acting through Nordahl BidCo AB), Apax Partners
Targets
Norva24 Group AB (publ)
Sellers
Valedo Partners Fund II AB, Nordstjernan AB
Industry
Infrastructure
Location
Sweden
Transaction Type
Buyout

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