Axcel acquires Danish enterprise software company Lessor

The GP drew capital from its DKK 3.6bn 2010-vintage Axcel IV vehicle, completing its 10th investment from that fund.

The founding Fich family, which established the group in 1972 and has been at the helm of it since, will fully exit the company as part of the deal, though CEO Henrik Fich will remain in his position for the time being.

Lessor marks another addition to Axcel's portfolio of enterprise software companies, which includes recently merged EG and Silkeborg Data.

Company
Lessor Group is a payroll and HR systems provider for SMEs and large companies, founded in 1972.

The Allerød-based company claims to have achieved average growth of 10% annually since 1999 and supplies its products to 35,000 Danish and 1,500 international companies.

People
Axcel - Christian Bamberger Bro (partner).
Lessor - Henrik Fich (CEO).

Advisers
Equity – Kromann Reumert (legal); Deloitte (financial due diligence).
Company – FIH Partners (M&A); PwC (corporate finance); Plesner (legal).

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