Investis sells its real estate service business to PHM

Baker McKenzie advised Investis on the sale of its entire real estate services business to PHM Group Oy (“PHM”), a pan-European real estate services provider advised by MLL.

The enterprise value amounts to CHF 240 million, and the transaction is expected to close in the coming weeks. As part of the transaction, Investis will acquire a minority stake in PHM Group TopCo Oy for CHF 50 million. In the future, Investis plans on focusing on its property portfolio with further acquisitions foreseen to complete in the coming weeks.

Baker McKenzie’s team

Baker McKenzie Switzerland advised Investis on all legal and tax aspects of the transaction, with a team which M&A partner Martin Furrer (pictured above left), M&A partner Matthias Trautmann (pictured above right) and capital markets partner Matthias Courvoisier led. The team further comprised Mario Kumschick (counsel, tax), Jasmin Voegtli (associate, M&A), Hesam Mirzai (associate, M&A), Kiara Sharifi (associate, M&A), Eylem Kutay (associate, M&A), Philipp Ruchti (associate, real estate), Samuel Marbacher (partner, real estate), Boris Wenger (partner, antitrust), Valentine Daendliker (trainee lawyer) and Selina Bähler (trainee lawyer).

MLL team

Corporate/M&A partners L. Mattias Johnson and Sergio Bortolani led MLL team, which included Chloé Corger, Karim Steiner and Vital Lüthi (associates corporate/M&A), Renato Bucher (partner competition law) and Lina Elmazi (junior associate).

L. Mattias Johnson and Sergio Bortolani

Founded in 1994, Investis’ portfolio consists almost exclusively of residential properties with apartments in the mid-price segment in the Lake Geneva region, and it was valued at CHF 1.518 billion as of 31 December 2023. Investis has been listed on the SIX Swiss Exchange since June 2016.


PHM is a property services group that employs more than 10,000 property services professionals operating in Finland, Sweden, Norway, Denmark and Germany. Its turnover in 2023 was EUR 759 million. The PHM group is owned by the funds managed by Norvestor and Intera together with local management.