Axcel sells Netcompany
Axcel has sold its stake in Danish outsourcing firm Netcompany to the companyтs management team.
The investor acquired a 60% stake in Netcompany in September 2006. Since then, turnover has tripled from DKK 77m to DKK 250 in 2010, while EBIT has increased from DKK 15m to DKK 80m. In addition to focusing on the improvement of Netcompany's financial result, Axcel has developed the strong business and career model of the company.
According to Axcel, the investment was fully recouped after nearly two years' ownership, and the investment generated an IRR of more than 50%.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com
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