Telenor Acquires Enivest to Expand Fiber Broadband in Western Norway

Vero Fiber Acquires BendTel, Inc.

December 1, 2025

Telecommunications

Vero Broadband (operating as Vero Fiber) has completed the acquisition of BendTel, Inc. following final FCC approval, closing on December 1, 2025. The deal brings BendTel's staff, fiber infrastructure, and commercial customer base into Vero to accelerate residential Fiber-to-the-Home expansion across Bend and broader Central Oregon.

Norvestor Acquires Serwent Holding AS

June 10, 2024

Industrial Services

Norvestor IX has signed an agreement to acquire Serwent Holding AS, a market-leading underground infrastructure maintenance specialist headquartered in Oslo, Norway. The private equity firm will become Serwent’s largest shareholder alongside management and key employees; the deal is expected to close in Q3 2024 and supports Norvestor’s plan to consolidate and expand Serwent’s presence across Northern Europe.

ENTRUST Solutions Group Acquires FiberRise Communications

August 16, 2022

Telecommunications

ENTRUST Solutions Group, backed by Kohlberg & Company, has acquired FiberRise Communications, a Huntsville, Alabama–based provider of utility broadband consulting, engineering and fiber network build/operate services. The acquisition expands ENTRUST's utility broadband and grid modernization capabilities and footprint, enabling support for electric cooperatives, municipalities and investor-owned utilities.

Cinven Acquires Majority Stake in Ufinet International

December 21, 2021

Telecommunications

International private equity firm Cinven's Seventh Fund will make a majority investment in Ufinet International for an enterprise value of approximately €2.5 billion. Enel, the incumbent minority co-shareholder, will re-invest a minority stake; the deal supports Ufinet's continued international expansion, network investment and buy-and-build growth across Latin America.

Norvestor Acquires Majority Stake in Smartvatten (Envera Ltd.)

February 26, 2021

Environmental Services

A fund advised by Norvestor Advisory AS has agreed to acquire a ~60% majority stake in Envera Ltd., the company behind the Smartvatten water-monitoring solution. Smartvatten is a hardware-enabled SaaS provider for real-time water consumption monitoring across 7,000+ buildings in the Nordics and Benelux, headquartered in Espoo, Finland with ~40 employees; existing shareholders including Taaleri Circular Economy Fund and the founders will reinvest and retain the remaining equity.

Enel Takes 21% Stake in Ufinet International for €150M

June 25, 2018

Telecommunications

Enel has agreed to invest €150 million to acquire a 21% stake in Ufinet International, an independent fibre network operator headquartered in Madrid. Cinven will retain a 79% majority holding; the strategic partnership gives Ufinet additional capital and access to Enel's Latin American assets to accelerate FTTH, wholesale fibre deployment and M&A-driven expansion.