Norvestor Acquires Majority Stake in Pearl Group

Norvestor Acquires Majority Stake in Wint Group AB

October 25, 2024

Accounting & Tax

Norvestor IX has signed an agreement to acquire a majority of the shares in Wint Group AB, a Gothenburg-based provider of automated cloud accounting and payroll software for micro and small businesses. Wint generates over SEK 140 million in ARR, serves ~4,500 customers, employs about 100 people, and Norvestor will become the company's largest shareholder following the transaction (expected to close Q4 2024).

Norvestor Acquires Majority Stake in Globeteam A/S

June 15, 2021

IT Services

Norvestor VIII has agreed to acquire a majority (approximately 55%) of the shares in Globeteam A/S, a Danish IT services and consultancy firm. Norvestor will partner with co-investor Kirk Kapital while Globeteam's management reinvests and retains a stake; the deal is pending Danish competition approval and aims to support expansion in Denmark and across the Nordics.

Norvestor Acquires Majority Stake in Pinja Group Oy

November 22, 2021

Software

Norvestor VIII SCSp has signed an agreement to acquire a majority of the shares in Pinja Group Oy, a Finnish industrial software and digitalization services provider headquartered in Jyväskylä. The transaction will make Norvestor the largest shareholder while Pinja's management and key employees retain stakes; the deal is intended to accelerate Pinja's internationalization and M&A-driven growth across the Nordics and Germany and is expected to close around year-end.

Norvestor VIII Acquires Majority Stake in Upheads AS

March 10, 2022

IT Services

Norvestor VIII SCSp has signed an agreement to acquire a majority of the shares in Upheads AS, a Stavanger‑headquartered full‑service IT provider for SMEs in Norway. Norvestor will become the largest shareholder alongside the founder, management and key employees, with the partnership intended to accelerate growth, expand services (including IT security and cloud offerings) and scale the business; the transaction is expected to close in April 2022.

Norvestor Acquires Majority Stake in Xllnc Nordic AB

February 5, 2019

IT Services

Norvestor VII L.P., managed by Norvestor Equity AS, has acquired a ~55% majority stake in Xllnc Nordic AB, a Växjö-headquartered provider of IT lifecycle management and device-as-a-service solutions. Management and employees retain the remaining shares; Xllnc has ~200 employees and reported c. SEK 1,300 million in revenue in 2018 as Norvestor supports the company's Nordic growth and service development.

Norvestor Acquires Majority Stake in PHM Group

March 11, 2020

Professional Services

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.