
DENMARK - Axcel acquires home furniture group
Axcel has acquired 60% of IDEmøbler, a Danish home furnishing chain, and IDdesign, an international chain of franchise home furnishing stores. The management retains the remaining 40%. The deal will comprise 32 of IDEmøbler’s 39 stores in Denmark. The remaining seven stores in Denmark, Faroe Island, Greenland and Iceland and IDdesign’s 15 stores abroad will have a close relationship with the chain throughout the partnerships agreement. The financial terms have not been disclosed.
Latest News
Bid Equity's Myneva bolts on Patronis, TTS
Social care and healthcare software platform is following a buy-and-build strategy
Palatine backs Anthesis
Company intends to further boost its growth both organically and via strategic acquisitions
Agilitas 2020 Private Equity closes on €565m
Fund focuses on mid-market companies across western Europe, within a range of sectors
Apax sells Sandaya to InfraVia
Sale ends a five-year holding period for Apax, which acquired a majority stake in Sandaya from Pragma Capital