Hayfin backs Norvestor-owned Serwent's refinancing to fuel Nordic infrastructure roll-up
What's the deal? Hayfin Capital ManagementDealroom has a profile for this one. Try Dealroom → acted as sole lender in a debt refinancing of SerwentDealroom has a profile for this one. Try Dealroom →, a Norway-based provider of underground infrastructure maintenance (UIM) services owned by private equity firm NorvestorDealroom has a profile for this one. Try Dealroom →. The deal was announced in September 2026.
What does Serwent do? It provides recurring, non-discretionary pipe and relining services tied to periodic maintenance requirements. Its customers span public and private sectors across Norway, Sweden, and Denmark.
What's the money for? The refinancing strengthens Serwent's position following its acquisition of SwooshDealroom has a profile for this one. Try Dealroom →, which supports its push into Sweden. It also gives the company capacity to consolidate a fragmented regional market.
Why now? The Nordic UIM market is set for continued growth, driven by ageing infrastructure and a tightening regulatory backdrop. Serwent is already well-entrenched in the region.
The signal: The transaction reflects Hayfin's growing momentum in the Nordics for its direct lending strategy. "We continue to see a strong pipeline of opportunities," said Marco Ferrari, managing director of private credit at Hayfin, pointing to sustained deal flow in the region.
Read more: hayfin.com
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