PHM group expands to Switzerland by acquiring the Real Estate Services business of Investis Group


PHM Group (“PHM” or the "Company") has made substantial progress on its growth strategy and in the development of a one-stop-shop service offering for residential housing associations since Norvestor VIII SCSp became the majority owner in April 2020. During the partnership with Norvestor, the Company has carried out more than 100 add-on acquisitions across the Nordic countries, establishing leading market positions in Finland, Sweden, Norway and Denmark, while also expanding to Germany in 2022. With the acquisition of the real estate services business of Investis Group, PHM becomes the leading provider of residential property services also in Switzerland, strengthening its geographical reach in Europe further.

PHM Group has on 24 June 2024 completed the acquisition of Investis’ entire real estate services business with the subsidiaries in question providing property management and maintenance services for residential and commercial properties in Switzerland. The companies included in the transaction have 2,285 employees and their consolidated revenue for the financial year that ended on 31 December 2023 amounted to approximately CHF 181 million. As a part of the sale, Investis acquired a minority stake in PHM and Stéphane Bonvin (CEO of Investis Group) was elected to PHM’s board of directors. With his extensive knowledge of the Swiss real estate market, he will continue to support the development of PHM’s Swiss subsidiaries in the domestic market. Michael Stucki will be appointed as the country director of PHM Switzerland, having formerly been in charge of the real estate services business in Investis Group.

PHM is a leading consolidator of the fragmented residential property services market across Europe, offering a unique combination of local service offerings backed by strong group resources. The Company’s strategy, organization and processes supporting the geographically wide and rapid consolidation in the Nordics and the DACH area has been formalized during the Norvestor ownership period since 2020. This structure and the skillset in PHM constitute a strong foundation for continued consolidation in existing and new geographical markets.

“The sale of Investis Group’s property services companies provides a formidable development opportunity for this part of the business. PHM is an experienced European property services provider that operates in Finland, Sweden, Norway, Denmark and Germany. Investis will now focus on further developing its excellent real estate holdings,” says Stéphane Bonvin, CEO of Investis Group.

“We are very pleased to expand into a new market and welcome Investis Group’s property services companies as part of PHM. The acquired companies have a very similar corporate culture to that of PHM: we all operate close to the customer with local companies and brands. From our origins in Finland, we have in four years grown into a major player in six countries and are actively looking to enter further geographies. Our fine-tuned operating model enables continued rapid growth,” says Ville Rantala, CEO of PHM.

“We are thrilled about the continued rapid growth of PHM and the expansion into Switzerland. Norvestor is proud to continue to support its’ further expansion, and we look forward to welcoming Mr. Stéphane Bonvin to the board of directors. We believe PHM’s operational improvement model will continue to yield impressive results in the existing units and as it adds new units. In the past years significant investments have been made into the Company’s digital backbone, delivering clearly enhanced operational efficiency as well as improved employee and customer satisfaction. With an excellent platform, we look forward to supporting PHMs continued rapid growth across Europe,” comments Karl Svozilik, Partner at Norvestor and Chairman of PHM.


For further information and inquiries:

Karl Svozilik, Partner, Norvestor Advisory, Chairman of PHM
Telephone: +47 98 40 00 63

Ville Rantala, CEO, PHM
Telephone: +358 50 385 1442

About PHM – PHM is a residential property services group whose mission is to care about people by taking care of their surroundings. PHM Group consists of the best local enterprises sharing the same values and motives, entrepreneurship, and a fair and responsible way of working. We believe that the only thing better than local service is local service with big resources in the background. With PHM you do not have to choose between your well-known local entrepreneur and a big provider. With PHM, you get both. Read more at

About Investis Group – Founded in 1994, Investis Group is a leading real estate company in the Lake Geneva region. The portfolio of Investis consists almost exclusively of residential properties with apartments in the mid-price segment in the Lake Geneva region and was valued at CHF 1,518 million as of 31 December 2023. INVESTIS has been listed on the SIX Swiss Exchange since June 2016 (symbol: IREN, security number: 32509429, ISIN CH0325094297). Read more at

About Norvestor – Norvestor is a leading private equity company focusing on mid-market buyouts in the Nordic region. The team has worked together since 1991, making it one of the most experienced private equity teams in the Nordics, having executed 92 investments with >475 add-on acquisitions, in addition to executing 61 exits, including 16 IPOs. The Fund seeks to invest in growth companies in the Nordic mid-market that have the potential to achieve a leading Nordic or international position, typically through organic growth, acquisitions across fragmented industries or by geographic expansion. Read more at