PRESS RELEASE
25 September 2025

Arendt Assisted Norvestor On Its EUR 2.5 Billion Continuation Vehicle – Norvestor SPV III SCSp

AM
Arendt & Medernach

Contributor

About Arendt

Arendt combines the entire value chain of services dedicated to Asset Managers, Banks, Insurers, Public Institutions and Private Clients operating in Luxembourg.

-Legal & Tax
-Regulatory & Consulting
-Investor Services

Legal & Tax

We assist clients in structuring and running their business from a legal and tax standpoint across Luxembourg. Our teams directly serve international clients or work in close collaboration with foreign partner law firms.

Together with our regulatory consultants and investor services experts, we bridge the gap between legal/tax advice and its implementation. We deliver best-in-class services along our clients’ business life cycles.

The 450 legal experts of Arendt & Medernach have a wealth of experience in a wide variety of specialisations. Together, they are able to advise on a complete range of 15 complementary practice areas

Arendt advised Norvestor as Luxembourg counsel in connection with the structuring and the first closing of its newest continuation vehicle, Norvestor SPV III SCSp (the “Fund”).
Luxembourg

Arendt advised Norvestor as Luxembourg counsel in connection with the structuring and the first closing of its newest continuation vehicle, Norvestor SPV III SCSp (the "Fund"). The Fund raised capital commitments of approximately €2.5 billion and has acquired PHM Group Oy (based in Finland), the leading European residential property services provider and Sperre Air Power AS (based in Norway), a leading supplier of mission-critical compressed air system solutions to the global maritime and power plant industries from its predecessor vehicles, Norvestor VIII SCSp and Norvestor SPV II SCSp.

The transaction was co-led by Carlyle AlpInvest, Ardian, HarbourVest Partners and Lexington Partners. As a result of this transaction, the Fund will have available follow-on capital to support the ongoing growth and development of PHM & Sperre.

Contributor

About Arendt

Arendt combines the entire value chain of services dedicated to Asset Managers, Banks, Insurers, Public Institutions and Private Clients operating in Luxembourg.

-Legal & Tax
-Regulatory & Consulting
-Investor Services

Legal & Tax

We assist clients in structuring and running their business from a legal and tax standpoint across Luxembourg. Our teams directly serve international clients or work in close collaboration with foreign partner law firms.

Together with our regulatory consultants and investor services experts, we bridge the gap between legal/tax advice and its implementation. We deliver best-in-class services along our clients’ business life cycles.

The 450 legal experts of Arendt & Medernach have a wealth of experience in a wide variety of specialisations. Together, they are able to advise on a complete range of 15 complementary practice areas

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