Highlight — 11 March 2020
Krogerus advised Intera when it sold part of its investment in PHM Group to Norvestor
Intera Fund III Ky has signed an agreement to sell part of its shares in portfolio company PHM Group to a fund managed by Norvestor. PHM is the fastest growing property maintenance service provider in Finland serving both residential and commercial customers. During 2019 the company expanded to Sweden, which contributes around 40% of PHM Group’s 120 million euro revenue.
The transaction helps PHM Group accelerate its growth in the Nordic facility maintenance market. The deal is expected to be completed during spring 2020 after approval from competition authorities.
Partner Mika Ståhlberg led the Krogerus team and he was assisted by Senior Associate Jasmin Wardi and Associates Andreas Brink, Hanna Tolonen and Juho Lakkala.
Next highlight — Krogerus advises Elo on the joint venture agreements relating to Sierra Prime, a €1.8Bn strategic joint venture invested in prime Iberian shopping centres