We are pleased to announce the closing of the Portobello Serveo Continuation Vehicle SCA, SICAV-RAIF, at EUR 316 million.

Serveo, a leading facility services group, was initially part of Portobello Fund IV, a 2017-vintage fund. Portobello Capital acquired a majority stake in Serveo in 2021 and became the sole owner in July 2024. Serveo has since expanded through strategic acquisitions and aims to achieve substantial revenue growth going forward. The decision to create a new vehicle for Serveo was made towards the end of last year, reflecting Portobello’s commitment to supporting the company’s growth and expansion.

Asante Capital Group acted as the exclusive secondaries advisor on this continuation vehicle mandate. We look forward to the continued success of Serveo and the positive impact this new fund will have on its growth trajectory.