Norvestor invests in Stamina and Avonova

Norvestor VII, L.P. (“Norvestor”), a fund managed by Norvestor Equity AS, has signed an agreement to acquire Stamina Group AS (“the Company”, including Stamina Helse AS (“Stamina”) and Avonova Holding AB (“Avonova”).

Stamina and Avonova combined, is the leading player within Occupational Health Services (“OHS”) in the Nordics with a nation-wide presence in Norway and Sweden. Stamina has shown an impressive development since refocusing on the core business of OHS and divesting the non-core operations of the fitness division during 2018. Avonova is well positioned for the changes ahead within health services driven by movement to a service economy and digitalization. The Company will continue to be in the forefront of combining a strong operational organization with digital tools which will continue to improve the customer and end user experience. Next step in the evolution will be to cooperate closer across borders delivering even better services to their customers.