Morrison Foerster has advised the mandated lead arrangers and bookrunners in connection with PHM Group’s EUR150 million fungible add-on to its EUR1 billion Term Loan B.
PHM Group, a portfolio company of Norvestor, is a leading property services group operating in Finland, Sweden, Norway, Denmark, Germany, Switzerland, and the UK. Norvestor is a leading private equity firm focusing on mid-market buyouts across various industries in the Nordic region.
BNP Paribas and Nordea were joint physical bookrunners. Citi, Deutsche Bank, Goldman Sachs, and Morgan Stanley were passive bookrunners.
The Morrison Foerster team that advised on the deal was led by Banking and Finance partner Ambarish Dash, with support from associate John Davitt.