Axcel
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Axcel is a Nordic private equity firm with offices in Stockholm and Copenhagen. Since its foundation in 1994, Axcel has made 68 platform investments. The firm currently owns 20 companies across all four Nordic countries.
Axcel is a Nordic private equity firm with offices in Stockholm and Copenhagen. Since its foundation in 1994, Axcel has made 68 platform investments. The firm currently owns 20 companies across all four Nordic countries. ==Company History== Axel targets four industry verticals: business services, healthcare, IT & technology and consumer goods. In 2019, SteelSeries, a Danish manufacterer of gaming peripheral and accessories was acquired and later sold by Axcel. Since its inception, Axcel has raised seven funds with total committed capital of over EUR 3.9bn. In August 2021, Axcel closed its sixth fund (Axcel VI) at EUR 807m. In March 2024, Axcel VII raised EUR 1.3bn, exceeding its target of EUR 1bn. Founder Christian Frigast stepped down from the company in December 2021. ==Portfolio== ===Business Servics & Industrials=== Currentum - 2020 (Axcel VI) - Technical installation of building services Edda Group - 2021 (Axcel VI) - Staffing & Recruitment DANX Carousel Group - 2022 (Axcel VI) - In-night logistics XPartners - 2023 (Axcel VII) - Engineering consultancy Elcor - 2023 (Axcel VII) - Design & installation of electrical control panels Accru Partners - 2024 (Axcel VII) - Alliance of firms in accounting, tax, audit & advisory Nordic Tyre Group - 2025 (Axcel VII) - Tyre wholesaler in Nordic and Baltics Bekk Consulting - 2025 - Consultancy ===Technology=== Phase One - 2019 (Axcel V) - High-end digital photography equipment Capture One - 2019 (Axcel V) - Photo editing software developed by Phase One, spun into separate company following Axcel acquisition SuperOffice - 2020 (Axcel VI) - Customer Relationship Management (CRM) software emagine - 2021 (Axcel VI) - pan-European business & IT consultancy Init - 2022 (Axcel VI) - Industrial IT & automation BullWall - 2022 (Axcel VI) - Cybersecurity, Ransomware containment itm8 - 2022 (Axcel VI) - IT Services NTI Group - 2022 (Axcel VI) - Digital services supplier Progrits - 2022 (Axcel VII) - Information services & logistics software ===Healthcare=== Vetopia - 2021 (Axcel VI) - Veterinary clinic chain Oral Care - 2022 (Axcel VI) - Dental clinic chain ===Consumer=== GUBI - 2018 (Axcel V) - Interior design house The Nutriment Company - 2022 (Axcel VI) - Pet food ==References== ==External links== Official website
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