Axcel

Founded in 1994 by investors from Denmark's leading financial and industrial institutions, Axcel is a Nordic private equity firm specializing in mid-market companies. With total committed capital of around DKK 10 billion, Axcel has made 45 investments and over 80 significant bolt-on acquisitions. Operating mainly in the Nordic countries, the firm focuses on sectors like Industrials, Technology, Consumer goods, and Healthcare, targeting companies with turnovers ranging from DKK 250 million to DKK 4 billion. Axcel typically takes a majority stake in its portfolio companies, aiming to exit investments within three to seven years. Headquartered in Copenhagen, Denmark, with an additional office in Stockholm, Sweden, Axcel's primary objective is to drive growth and value creation in its investments.

Sebastian Aarosin

Associate Director

Max Enhörning Admarker

Investment Manager

Gustav Arick-Nielsen

Investment Manager

Daniel Bech

Associate Director

Louise Parsholt Beck

Investor Relations Manager

Thomas Blomqvist

Partner

Josef Blomstrand

Associate

Christian Bamberger Bro

Partner

Frands Brockenhuus-Schack

Investment Manager

Lars Cordt

Partner

John Kleven Falck

Investment Manager

Henrik Folkersen

Associate Director

Lærke Rud Hansen

Associate

Christian Curtz Henriksen

Associate Director

Stefan Hollander

Director

Asbjørn Mosgaard Hyldgaard

Partner

Björn Larsson

Partner

Jørgen Lindholm Lau

Director

Tomi Martas

Investment Manager

Christoffer Arthur Müller

Partner

Henri Nurmela

Associate Director

Kasper Hoielt Olesen

Associate Director

Katrine Dige Ovesen

Associate

Casper Lykke Pedersen

Partner

Merle Victoria Price

Investment Manager

Jesper Frydensberg Rasmussen

CFO

Caroline Vagner Rosenstand

Associate Director

Christian Schmidt-Jacobsen

Managing Partner

Christian Cederfeld de Simonsen

Investment Manager

Lars Thomassen

CFO and Partner

Jacob Walberg

Associate Director

Marina Wedell-Wedellsborg

Associate

33 past transactions

Junckers

Acquisition in 2004
F. Junckers Industrier A/S, together with its subsidiaries, manufactures and sells solid wood flooring products in Europe, North America, South America, Asia, the Middle East, and Africa. It provides floor solutions for sports and dance, and commercial and housing project applications. It also offers wood care products, such as lacquers and oils, and cleaners, as well as related services. The company supplies its products to individuals, businesses, and sports halls. The company was founded in 1930 and is headquartered in Køge, Denmark. F. Junckers Industrier A/S is a subsidiary of Junckers Holding A/S.

GUBI

Merger/Acquisition in 2018
Gubi A/S engages in designing, manufacturing, and sale of indoor furniture and lamps. It offers products, which include multi-lite pendant brass, gravity floor lamp, gravity table lamp small, beetle dining chair unupholstered, beetle lounge chair fully upholstered, stay ottoman, gubi dining table round marble, bestlite BL1 black brass, TS coffee table square, B-4 table lamp, F.A. 33 wall mirror 54x80 cm, and gubi wall mirror round. The company was founded in 1967 and is based in Copenhagen, Denmark.

SteelSeries

Merger/Acquisition in 2019
SteelSeries makes high performance gaming gear used by the most demanding, professional gamers worldwide and peripherals that provide superior quality and a competitive edge to gamers of all skill levels. What originally began with two people who recognized the need for superior, high-quality/performance gaming gear that would give gamers a competitive edge, has grown into a global leader in gaming and entertainment gear sought after for their high performance capabilities. Fast-forward to today, and they’ve come a long way since their first glass mousepad. They have global offices in North America, Europe, and Asia, providing an integrated portfolio of products designed specifically for gaming. Fueling Their growth is you, the gamer. While they are proud of Their technology and product innovation, They are even more excited about how these products are developed to meet the needs of gamers. Many companies may claim to develop superior gaming products but few actually do. Instead, they spend countless hours with lab engineers trying to force fit a new technology with bells and whistles and mediocre functionality for the end-user. At SteelSeries, they develop their products with a small internal team and a vast network of technology partners, channel partners, game publishers, and gaming communities around the globe. They aren’t afraid of being challenged and implementing new ideas. Their main goal is to always to listen to the collective feedback of Their professional gaming community. They won’t bore you with cheeky slogans, trying to underline their authenticity as gamers. They fully acknowledge that the best professional gamers in the world know more about what they want and what will make them better, than they do. They are proud to be working with their partners, but They can’t take credit for their invaluable input and feedback. Instead They tell it like it is: they help us. They want to know what works and what doesn’t. For this reason, SteelSeries creates innovative solutions that provide a competitive advantage for all gamers. Critical to their company’s success is also their reinvestment in the gaming communities and the individuals who support them. As a result, their corporate philosophy is to take a substantial portion of their revenue and put it back into the gaming community to help spur industry growth. They support their community in numerous ways, ranging from co-hosting tournaments like Iron Lady and King of the Hill, and supporting gaming competitions of all sizes, to promoting the top and up-and-coming gaming teams/organizations. Put simply, SteelSeries does not claim to invent or reinvent the gaming industry. Nor do they focus on one specific product, copy other companies or follow the crowd.

Kwintet

Private Equity Round in 1999
Kwintet is a manufacturer of workwear, corporate wear and personal protective equipment.

Loopia Webbhotell AB/ACTIVE 24, s.r.o.

Merger/Acquisition in 2018
Loopia Webbhotell AB/ACTIVE 24, s.r.o. represents the combined operations of Loopia Webbhotell AB and ACTIVE 24, s.r.o. in their sale to Axcel Management A/S and Axcel V. Loopia Webbhotell AB and ACTIVE 24, s.r.o. provides web hosting services. Loopia Webbhotell AB is based in Sweden. ACTIVE 24, s.r.o. is based in Czech Republic.

Danmarks Skibskredit

Merger/Acquisition in 2016
Danmarks Skibskredit A/S provides ship financing services to shipowners in Denmark and internationally. It provides ship financing against security in vessels, as well as financing for shipbuilding activities. The company was founded in 1961 and is headquartered in Copenhagen, Denmark.

Protemp

Acquisition in 2020
Protemp provides recruitment and temporary staffing solutions.

Orion Diagnostica

Merger/Acquisition in 2018
Orion Diagnostica develops, manufactures and markets diagnostic test systems for healthcare professionals. Orion Diagnostica builds well-being by specialising in accurate and affordable clinical diagnostic and hygiene monitoring tests, which are easy to use and provide fast results.

Prodata

Acquisition in 2021
ProData Consult A/S provides information technology (IT) consulting services to companies in Denmark, Norway, Sweden, Poland, Germany, and the Netherlands. The company was founded in 1994 and is based in Hvidovre, Denmark.

Netel

Acquisition in 2013
Netel is a Nordic service provider for communication and electrical networks, offering services ranging from planning and project management to design and maintenance.

Phase One

Acquisition in 2019
Phase One A/S manufactures digital camera systems and workflow software for photographers and advanced amateurs. It offers leaf shutter lenses, focal plane lenses, zoom and specialty lenses, repro camera solutions, aerial cameras systems, and imaging software. The company also provides technical support services. It serves customers through its partners worldwide. The company also sells through its rental shops and as well as online. Phase One A/S was founded in 1993 and is based in Frederiksberg, Denmark with additional offices in Siu Sai Wan, Hong Kong; Melville, New York; Köln, Germany; and Tokyo, Japan.

Isadora AB

Merger/Acquisition in 2018
Isadora AB manufactures and distributes of cosmetics and make-up products internationally. It offers fragrances; accessories; and applicators, blushers, bronzers, cleansers, concealers, eye brow products, eye pens, eye shadows, eyeliners, foundations, hair mascaras, lip glosses, lip liners, lipsticks, mascaras, nail care products, nail pencils, nail polishes, powders, primers, and removers. The company, formerly known as Invima AB, was founded in 1983 and is based in Malmo, Sweden.

SuperOffice

Acquisition in 2020
SuperOffice is a European supplier of CRM solutions to the professional business-to-business market. SuperOffice was founded by Une Amundsen in 1990. SuperOffice solutions are delivered and implemented through 100% owned subsidiaries, distributors and value added resellers in Norway, Sweden, Finland, Denmark, Germany, UK, Benelux, Austria, Switzerland, USA, and Japan. SuperOffice also delivers consulting services related to strategic CRM issues, implementation, integration and user education. SuperOffice AS is a privately held company. The company claims that more than 12,000 European companies are using SuperOffice CRM solutions.

SFK LEBLANC

Acquisition in 2016
SFK LEBLANC designs, manufactures, and supplies slaughter lines, cutting and deboning lines, and logistics solutions for the food industry. It offers pig and cattle slaughter solutions; pork and cattle cutting, deboning, and packaging solutions; and related spare parts.

LESSOR A/S

Merger/Acquisition in 2016
LESSOR A/S develops payroll and human resources management software. The company is based in Allerod, Denmark. As of February 28, 2018, LESSOR A/S operates as a subsidiary of Paychex, Inc.

Lessor Group

Acquisition in 2016
Lessor Group is a provider of payroll and human capital management (HCM) software solutions. Founded by the Fich family in 1972 and led by CEO Henrik Fich, Lessor Group provides small, medium-sized and large companies with IT solutions for payroll, time and attendance, shift scheduling and HR. Today, more than 45,000 Danish and 1,500 international companies use the Group’s solutions.

Delete

Acquisition in 2013
Delete specializes in environmental services for industry, construction and real estate clients. The company’s services include industrial cleaning services, heavy and special demolition services as well as recycling and waste management services.

Orion Diagnostica

Acquisition in 2018
Orion Diagnostica develops, manufactures and markets diagnostic test systems for healthcare professionals. Orion Diagnostica builds well-being by specialising in accurate and affordable clinical diagnostic and hygiene monitoring tests, which are easy to use and provide fast results.

Moment A/S/Protemp A/STeamVikaren.dk, København ApS

Merger/Acquisition in 2020
Moment A/S/Protemp A/STeamVikaren.dk, København ApS represents the combined operations of Moment A/S, Protemp A/STeamVikaren.dk, and København ApS in their sale to Axcel Management A/S. Moment A/S offers temporary and permanent staffing services. TeamVikaren.dk, København ApS provides temporary staffing solutions. The companies are based in Denmark.

Moment

Acquisition in 2020
Moment is an recruitment agency that provides jobs in finance, IT, customer service, warehousing & logistics.

Cimbria

Acquisition in 2011
Cimbria, a Thisted, Denmark-based manufacturer of equipment for handling and processing of grain and seed products. Cimbria designs, develops, manufactures and installs custom-built solutions such as single machines, complete processing lines and large turnkey projects with advanced automation and management information systems for the different types of crop treatment – as well as the treatment of powders and granules.

EG A/S

Acquisition in 2013
EG A/S provides IT solutions in Denmark and internationally. The company provides consultancy and programming services. It also develops knowledge based solutions in the form of administrative case work tools for Danish local authorities. The company’s ERP systems include Dynamics AX, Dynamics NAV, Dynamics C5, XAL, Infor M3 (Movex), ASPECT4, and SAP. In addition, it provides business consulting services on business intelligence, budgeting and consolidation, CRM, mobile solutions, organization development, portals and document management, process optimization, and business analytics; and public administration, citizen service, and case management solutions.

Silkeborg Data A/S

Acquisition in 2015
Silkeborg Data A/S develops payroll and staff administration systems for the public sector.

Mountain Top Industries ApS

Merger/Acquisition in 2017
Mountain Top Industries ApS manufactures accessories for pick-up trucks. The company was founded in 1978 and is based in Frederikssund, Denmark.

TeamVikaren

Acquisition in 2020
TeamVikaren operates as a temporary staffing agency.

GUBI

Acquisition in 2018
Gubi A/S engages in designing, manufacturing, and sale of indoor furniture and lamps. It offers products, which include multi-lite pendant brass, gravity floor lamp, gravity table lamp small, beetle dining chair unupholstered, beetle lounge chair fully upholstered, stay ottoman, gubi dining table round marble, bestlite BL1 black brass, TS coffee table square, B-4 table lamp, F.A. 33 wall mirror 54x80 cm, and gubi wall mirror round. The company was founded in 1967 and is based in Copenhagen, Denmark.

SteelSeries

Acquisition in 2019
SteelSeries makes high performance gaming gear used by the most demanding, professional gamers worldwide and peripherals that provide superior quality and a competitive edge to gamers of all skill levels. What originally began with two people who recognized the need for superior, high-quality/performance gaming gear that would give gamers a competitive edge, has grown into a global leader in gaming and entertainment gear sought after for their high performance capabilities. Fast-forward to today, and they’ve come a long way since their first glass mousepad. They have global offices in North America, Europe, and Asia, providing an integrated portfolio of products designed specifically for gaming. Fueling Their growth is you, the gamer. While they are proud of Their technology and product innovation, They are even more excited about how these products are developed to meet the needs of gamers. Many companies may claim to develop superior gaming products but few actually do. Instead, they spend countless hours with lab engineers trying to force fit a new technology with bells and whistles and mediocre functionality for the end-user. At SteelSeries, they develop their products with a small internal team and a vast network of technology partners, channel partners, game publishers, and gaming communities around the globe. They aren’t afraid of being challenged and implementing new ideas. Their main goal is to always to listen to the collective feedback of Their professional gaming community. They won’t bore you with cheeky slogans, trying to underline their authenticity as gamers. They fully acknowledge that the best professional gamers in the world know more about what they want and what will make them better, than they do. They are proud to be working with their partners, but They can’t take credit for their invaluable input and feedback. Instead They tell it like it is: they help us. They want to know what works and what doesn’t. For this reason, SteelSeries creates innovative solutions that provide a competitive advantage for all gamers. Critical to their company’s success is also their reinvestment in the gaming communities and the individuals who support them. As a result, their corporate philosophy is to take a substantial portion of their revenue and put it back into the gaming community to help spur industry growth. They support their community in numerous ways, ranging from co-hosting tournaments like Iron Lady and King of the Hill, and supporting gaming competitions of all sizes, to promoting the top and up-and-coming gaming teams/organizations. Put simply, SteelSeries does not claim to invent or reinvent the gaming industry. Nor do they focus on one specific product, copy other companies or follow the crowd.

Vital Petfood Group

Acquisition in 2000
Vital Petfood Group (VPG) is one of the companies in the pet food industry in Scandinavia.

Nissens

Merger/Acquisition in 2017
Nissens Offering engine cooling and air conditioning products for the international automotive aftermarket and customized cooling components, systems and modules to the renewable energy and industrial segments form the basis of our business. Our product and service offer carries a trade mark of experience, know-how, innovation and flexibility that cements our commitment to Delivering the Difference to our customers across the world. Putting our customers first is what shapes our ambition of being the preferred supplier to leading wholesalers, buying groups and OEMs in the international automotive aftermarket as well as renewable energy and industrial segments. Delivering the Difference is a reflection of our ability to combine a multitude of different strengths and capabilities in our company and merge them into a strong and attractive value proposition that meets the challenging and versatile expectations from our customers. Our proven success in Delivering the Difference to our customers translates into our growing business, our global expansion and our increasing market share.

Phase One

Merger/Acquisition in 2019
Phase One A/S manufactures digital camera systems and workflow software for photographers and advanced amateurs. It offers leaf shutter lenses, focal plane lenses, zoom and specialty lenses, repro camera solutions, aerial cameras systems, and imaging software. The company also provides technical support services. It serves customers through its partners worldwide. The company also sells through its rental shops and as well as online. Phase One A/S was founded in 1993 and is based in Frederiksberg, Denmark with additional offices in Siu Sai Wan, Hong Kong; Melville, New York; Köln, Germany; and Tokyo, Japan.

Conscia A/S

Acquisition in 2015
Conscia A/S is supplies IT infrastructure solutions and 24/7 network, data centre and mobility support.Headquartered in Denmark, the company has also moved into Sweden this year through the acquisition of Netsafe International AB. Conscia builds it infrastructure and offers 24/7 services for Network, Data Center, Security and Mobility. In close cooperation with their customers they focus on getting the biggest benefits from the newest technologies. They strive to be the highest skilled within their area of expertise, and they combine deep professional knowledge with an attitude centered on completing every project successfully and maintaining fast and efficient task completion. Conscia’s expertise and unique service offering ensure continuous development and stable operations for their customers. They are ambitious and hold high standards, and they actively work on creating the best possible work environment for their employees.

Conscia A/S

Merger/Acquisition in 2015
Conscia A/S is supplies IT infrastructure solutions and 24/7 network, data centre and mobility support.Headquartered in Denmark, the company has also moved into Sweden this year through the acquisition of Netsafe International AB. Conscia builds it infrastructure and offers 24/7 services for Network, Data Center, Security and Mobility. In close cooperation with their customers they focus on getting the biggest benefits from the newest technologies. They strive to be the highest skilled within their area of expertise, and they combine deep professional knowledge with an attitude centered on completing every project successfully and maintaining fast and efficient task completion. Conscia’s expertise and unique service offering ensure continuous development and stable operations for their customers. They are ambitious and hold high standards, and they actively work on creating the best possible work environment for their employees.

European Sperm Bank

Merger/Acquisition in 2019
European Sperm Bank ApS operates a sperm bank for single moms and couples internationally. The company was founded in 2004 and is based in Copenhagen N, Denmark.