Norvestor to invest in PHM Group.

Norvestor, a private equity firm that invests in engineering and industrial products, to invest in PHM Group, a Finnish corporation specialized in servicing and maintaining properties, backed by Intera Partners. Financial terms were not disclosed. “Norvestor has a long history of backing successful business service companies in the Nordics. We are enthusiastic about the prospect of supporting the continued rapid growth of PHM. Building on the impressive track record of Ville and the management team, and together with Intera, we believe the Company is well positioned to become the undisputed property maintenance services market leader in the Nordics. We aim to take lead in consolidating the fragmented Nordic residential property maintenance market. With strong local autonomy, and through investments in digital capabilities that support local entrepreneurs, PHM strives to provide best in class services," Karl Svozilik, Norvestor Partner.