Norvestor invests in 4SERVICE, an Oslo-based soft facility management provider.

4SERVICE, a Lysaker (Oslo), Norway-based contract catering and facility management company, announced that it was acquired by the private equity firm Norvestor.

Financial details were not disclosed. Following the acquisition, Norvestor will become the largest shareholder in 4SERVICE with 70% of the shares. The current owners will reinvest to hold the remaining shares.

4SERVICE Gruppen AS, founded in 2011 by a senior team of managers from the Norwegian facility management industry led by CEO Tor Rønhovde, has developed into one of the fastest growing contract catering and facility management companies in Norway. The company has operations across Norway, with a market leading position within operation of large onshore camps used primarily by contractors on road and railroad construction projects.

Additionally, 4SERVICE provide food and accommodation services and general canteen operation for large corporates in Norway. The company forecasts revenues of approximately NOK 400 million in 2015