M&A Deal Summary

Norvestor Equity AS Acquires Serwent

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

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

M&A Deal Summary

Date 2024-06-10
Target Serwent
Sector Business Services
Buyer(s) Norvestor Equity AS
Deal Type Buyout (LBO, MBO, MBI)

Target

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(S) 1

Buyer

Norvestor Equity AS

Oslo, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 2.1B EUR
Size Large
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 is based in Oslo with an additional office in Stockholm.


DEAL STATS #
Overall 81 of 85
Sector: Business Services M&A 7 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 56 of 59
Country: Norway M&A 55 of 57
Year: 2024 M&A 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 -