Norvestor to acquire a majority stake in Pearl Group.

Norvestor, a private equity firm, agreed to acquire a majority stake in Pearl Group, a software developer. FInancial terms were not disclosed. “We are very excited about partnering with Norvestor as we believe they are a great match for Pearl. Norvestor has a strong track record of supporting founder teams with the scale-up of Nordic IT services businesses, we believe Norvestor is uniquely positioned to contribute to Pearl’s further value creation journey. Together we will grow Pearl both organically and through strategic M&A to increase geographical footprint, expand functionality and enter new industry niches," Geir Thoresen, Pearl Group CEO and Co-Owner.