Norvestor successfully closed the divestment of PHM Group Oy and Sperre Air Power AS to Norvestor SPV III SCSp, positioning them for further growth and development with new capital commitments.

Target Company Information

Norvestor VIII SCSp and Norvestor SPV II SCSp have announced the successful divestment of PHM Group Oy (PHM) and Sperre Air Power AS (Sperre) to a new continuation fund, Norvestor SPV III SCSp. PHM is recognized as the leading European residential property services provider, with a strong presence in Finland, Sweden, Norway, Denmark, Germany, Switzerland, and the United Kingdom. As the largest European consolidator in its sector, PHM delivers vital services to millions of residents and is strategically positioned for further growth through a robust pipeline of mergers and acquisitions, as well as digital innovation and operational enhancements.

On the other hand, Sperre stands out as a premier supplier of essential compressed air system solutions within the global maritime and power plant sectors. With an expansive installed base, Sperre aims to accelerate its growth by introducing an expanded product line and leveraging digital solutions to assist shipowners in transitioning to more sustainable fuel options.

Industry Overview

The European residential property services industry is characterized by increasing demand for managed services, driven by urbanization and an expanding focus on quality living environments. As the market matures, consolidation remains a significant trend, with