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)
- Industry
- Professional Services
- Location
- Uusimaa, Finland
- Transaction Type
- Buyout
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