PHM Group (PHM), specializing in residential property services, has expanded its reach into Switzerland by acquiring the Real Estate Services business of Investis Group. Supported by Norvestor VIII SCSp since April 2020, PHM has completed over 100 add-on acquisitions in the Nordic countries, establishing leading market positions in Finland, Sweden, Norway, Denmark, and entering Germany in 2022. The recent acquisition positions PHM as the leading provider of residential property services in Switzerland. The transaction, finalized on June 24, 2024, includes subsidiaries providing property management and maintenance services for residential and commercial properties. These companies employ 2,285 people and generated CHF 181 million in consolidated revenue for the financial year ended December 31, 2023. As part of the sale, Investis acquired a minority stake in PHM, and Stephane Bonvin (CEO of Investis) joined PHM’s board of directors to guide their Swiss operations. Michael Stucki will become the country director of PHM Switzerland. PHM’s consolidation strategy, focused on local service backed by strong group resources, supports rapid expansion across Europe. The sale enables Investis to focus on its real estate holdings, valued at CHF 1,518 million, as of December 31, 2023. Norvestor, a Nordic private equity firm, continues to support PHM’s operational improvement and expansion efforts.

Residential Property Services, Private Equity, Real Estate,Switzerland, Nordic Region, Germany

https://www.norvestor.com/news/phm-group-expands-to-switzerland-by-acquiring-the-real-estate-services-business-of-investis-group