BAHR has advised Norvestor in connection with the acquisition of Serwent from Recover/EQT
As announced on 10th June 2024, Norvestor IX has signed an agreement to acquire Serwent from Recover, which is majority owned by EQT VIII.
Serwant is a leading mission-critical infrastructure maintenance specialist, offering services throughout Scandinavia. From 2015 to 2023, Serwent went through a significant scale up by consolidating and integrating ten regional players into a standalone group, with over 500 employees. Serwent generated annual revenues of approximately NOK 1 billion in 2023.
The transaction is expected to close in Q3 2024, subject to customary regulatory approvals.
Once again, we would like to thank Norvestor for their vote of confidence.
Congratulations to all parties!
The transaction was handled by BAHR’s asset management and private equity group. The core team consisted of: