Axcel buys three staffing agencies

The platform created by Axcel will generate revenues of DKK 850m and employ 150 staff across 11 offices in Denmark.

The executive management team of the new group will comprise Moment founders Morten Højberg and Thomas Gleerup, while Jeff Gravenhorst will become chair of the company's board.

According to the GP, the three agencies complement each other in terms of segment and geography in the flexible labour sector.  Axcel intends to further boost the group's growth with additional acquisitions in Denmark and the Nordic region.

The GP is currently deploying its Axcel VI fund, which is targeting €800m and held a first close in February 2020 on €507m. The vehicle targets mid-market investments in Nordic countries.

Company
TeamVikaren/PersonaleBørsen, Protemp and Moment are staffing agencies providing temporary staff for various sectors and industries across Denmark.

While TeamVikaren/PersonaleBørsen mainly supplies staff to the Jutland business community, Moment is the biggest player in Zealand.

Protemp's business has its headquarters in Fredericia and is particularly known for its expertise in the construction sector.

People
Axcel – Christian Schmidt-Jacobsen (managing partner).
TeamVikaren/PersonaleBørsen – Steen Brøndum (founder).
Moment – Morten T Højberg (co-founder, CEO).

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