Apax to acquire Norva24 for $656m.

Apax, a private equity firm, offered to acquire Norva24, an underground infrastructure maintenance services provider, for $656m. "Apax believes that Norva24 will be best operated in a non-listed environment, with the management having access to the necessary support and expertise to adopt a long-term approach to Norva24’s strategy that will include accelerated M&A with further investments and operational improvements," Apax.