Norvestor Acquires Majority Stake in Pearl Group
December 28, 2020
A fund advised by Norvestor Advisory AS has agreed to acquire a c.52% majority stake in Pearl Group, a Nordic IT solutions and ERP partner headquartered in Lysaker, Norway. The investment provides Pearl with expansion capital to grow organically and via M&A while the existing management and key employees retain a significant minority stake and reinvest proceeds.
- Targets
- Pearl Group
- Industry
- IT Services
- Location
- Viken, Norway
- Transaction Type
- Buyout
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