Norvestor transfers PHM holdings to continuation fund – growth continues under stable ownership
Norvestor has transferred PHM Group to a continuation fund. The continuation fund was raised so that Norvestor can extend its partnership with PHM and thus continue to support the company's significant growth potential as it enters the next phase of its journey. With the continuation fund, PHM and Norvestor's successful cooperation will continue for several more years.
“We have enjoyed a remarkable partnership with PHM over the last five years, with the company growing from a leading property services provider in Finland to providing its services to the homes of millions of residents across Europe. PHM’s continued development presents an incredible opportunity,” says Karl Svozilik, PHM’s Chairman of the Board of Directors and partner at Norvestor.
A long-term and committed owner means sustainable growth and continuity for PHM.
“We are pleased that our cooperation with Norvestor will continue with the continuation fund. The continuation of Norvestor’s ownership cycle brings stability to PHM’s operations in an otherwise somewhat uncertain global situation. We will continue to grow strongly both organically and through acquisitions, and we are constantly exploring opportunities to expand into new markets,” says Ville Rantala, CEO of PHM Group.
The company’s current management is strongly committed and will continue in their positions.
“It is important to us that our employees believe in our growth story and are committed to our company. Together with Norvestor, we have the opportunity to make PHM a global success story,” says Ville Rantala.
For more information:
Ville Rantala, Group CEO, PHM Group
+358 50 385 1442, ville.rantala@phmgroup.com
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