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Simpson Thacher Advises Norvestor on €2.5 Billion Continuation Fund

07.21.25

Simpson Thacher advised Norvestor on the creation and successful closing of Norvestor SPV III (“SPV III”), which raised capital commitments of approximately €2.5 billion and has acquired PHM Group Oy, the leading European residential property services provider and Sperre Air Power AS, a leading supplier of mission-critical compressed air system solutions to the global maritime and power plant industries.

The Simpson Thacher partner team included Ed Ford, Sacha Gofton-Salmond and Katie McMenamin. Simpson Thacher is at the forefront of the secondaries market, having advised on numerous of the largest and most complex GP-led secondary transactions across Europe, the US and Asia.