Axcel
The Bolt-Ons Digest – 21 February 2023
Unquote’s selection of the latest add-ons with Investindustrial's CEME, Astorg's Fastmarkets, H&F's TeamSystem, and more
Axcel exits European Sperm Bank to Perwyn
Deal is the fourth exit for Axcel's fifth fund; buyer Perwyn deploys evergreen capital
Hg to sell Itm8 to Axcel, Chr. Augustinus Fabrikker
Danish IT services company will merge with Axcel-backed AddPro to form a new group with DKK 2.6bn revenues
Axcel exits Aidian to Nordstjernan
The GP had also been planning a Helsinki listing
Axcel buys Danx, Livingbridge-backed Carousel
Livingbridge invested in Carousel Logistics in 2013; the company will now merge with Danx
Axcel buys Picca Automation
Company sells industrial automation and software packages to the public and private sector in Denmark
Axcel explores dual-track process for Aidian
Rothschild and Carnegie have been mandated as sale and IPO advisers, respectively
Axcel VI holds EUR 800m final close
Fund has made six platform investments and is around 30% larger than its EUR 617m predecessor
Polaris sells ProData Consult to Axcel
Axcel reportedly pays nearly DKK 2bn (тЌ269m) for the company, suggesting a 13.3x EBITDA multiple
Axcel acquires veterinary care provider VetGruppen
Company's co-founder and chief operating officer Rasmus Hansen will remain a significant co-owner alongside the GP
Nordic Fundraising Pipeline - Q1 2021
Unquote rounds up notable fundraises ongoing across the Nordic market, including EQT, Axcel, CapMan, Saga, and more
Axcel buys three staffing agencies
Combined group generates revenues of DKK 850m and employs 150 staff across 11 offices in Denmark
Axcel acquires Ventab, Ventilationsprojekt, Installationsbolaget
New group has combined revenues of тЌ87m and employs more than 300 staff
Nordic Capital X hits €5bn target in first close - reports
Fund is larger than its predecessor, Nordic Capital IX, which held a final close on тЌ4.3bn in May 2018
Axcel acquires AddPro from Adelis
Deal is Axcel's second from its sixth fund, which held a first close on тЌ507m in February 2020
Axcel holds first close for sixth flagship fund
GP's sixth fund has already raised 77% of the amount raised by its predecessor
Axcel acquires Norwegian company SuperOffice
Deal is the GP's first investment from Axcel VI, which was launched in December 2019
Silverfleet sells Phase One to Axcel for 4.6x
Sale ends a holding period of more than five years for Silverfleet's first buyout fund
Axcel sells Ball Group to Findos, wraps up fund
Sale ends a holding period of around 12 years for Axcel III, which made 11 platform investments
Axcel acquires European Sperm Bank
Peter Bower, founder and previous majority shareholder of the sperm bank, will retain a stake
Nordic buys Conscia from Axcel
Nordic Capital draws money from Nordic Capital IX, a тЌ4.3bn fund that closed in May last year
Axcel partially exits EG
Axcel makes divestment from its DKK 3.6bn buyout fund, Axcel IV, which held a final close in 2011
Axcel sells Mita-Teknik back to founding family
GP makes the divestment from Axcel IV, a DKK 3.6bn vehicle that closed in July 2011
Axcel-backed Frontmatec buys stake in Aira
Target company's founder, Xavi JanУЉ LУГpez, will stay on with the business and retain a majority stake