Norvestor VI divests Sortera

Norvestor VI has signed an agreement to divest Sortera Skandinavien Holding AB, a leading Nordic building waste collection and sorting provider currently active in Stockholm, Gothenburg, Uppsala and Oslo.

Norvestor invested in Sortera in May 2012. During Norvestor’s ownership, the company has more than doubled in size, and almost tripled its underlying EBITDA, through greenfield establishments in Gothenburg and Oslo, two small add-on acquisitions in Stockholm, and strong organic growth.

SPEAS has made an investment commitment of NOK 80m to the private equity fund Norvestor VI.

View the press release from Norvestor here