Buyout (LBO, MBO, MBI) • Business Services

Norvestor Equity Acquires Serwent

On June 10, 2024, private equity firm Norvestor Equity acquired business services company Serwent

Acquisition Context
  • This is Norvestor Equity’s 7th transaction in the Business Services sector.
  • This is Norvestor Equity’s 55th transaction in Norway.

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M&A Deal Summary

Date June 10, 2024
Target Serwent
Sector Business Services
Buyer(s) Norvestor Equity
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Serwent

Oslo, Norway
Serwent is a provider of mission critical above and underground infrastructure maintenance services across three main segments: pipe services, emptying services, and special services. Serwent is based in Oslo, Norway.
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Buyer Overview 1

Buyer

Norvestor Equity

Oslo, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Norvestor Equity is an independent private equity group focused on opportunities throughout Norway and the nearby Nordic region. Norvestor generally looks to acquire control positions in businesses with strong market positions, clear potential for sales and earnings growth, and motivated management. Sectors of interest include engineering/technology, food/beverage, IT, telecommunications, maritime equipment, oil services, power/energy, retail, and services/outsourcing. The Firm's investment size is €10 to €45 million in companies with enterprise values of €20 to €125 million. Norvestor Equity was founded in 1989 and is based in Oslo, Norway.


Deal Context for Buyer #
Overall 83 of 88
Sector: Business Services 7 of 7
Type: Buyout (LBO, MBO, MBI) 58 of 62
Country: Norway 55 of 58
Year: 2024 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Roadworks

Grimstad, Norway

Roadworks offers a full range of products and services required for operation and maintenance of road related infrastructure including monitoring and automation within the Norwegian market. Roadworks was founded in 2015 and is based in Grimstad, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 glueckkanja

Offenbach, Germany

glueckkanja is a cloud Managed Service Provider in the Microsoft ecosystem. The service offerings include workplace integration and management for Microsoft 365, Azure infrastructure modernization and management, and 24/7 managed security services via its Cloud Security Operations Center. glueckkanja is based in Offenbach, Germany.

Buy -