Axcel

Axcel Management A/S is a private equity firm based in Copenhagen, Denmark, with an additional office in Stockholm, Sweden. Founded in 1994, Axcel specializes in investments in mid-market companies across various sectors, including Industrials, Technology, Consumer goods, and Healthcare, primarily focusing on the Nordic region. The firm invests in companies with annual revenues ranging from DKK 250 million to DKK 4 billion and an enterprise value between EUR 75 million and EUR 250 million. Axcel typically seeks to acquire a majority stake in its portfolio companies, takes a board seat, and aims to exit its investments within three to seven years. The firm has raised four funds, totaling around DKK 10 billion, and has completed 45 investments along with over 80 significant bolt-on acquisitions.

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 Bro

Partner

Frands Brockenhuus-Schack

Investment Manager

Lars Cordt

Partner

John Kleven Falck

Investment Manager

Henrik Folkersen

Associate Director

Lærke Rud Hansen

Associate

Stefan Hollander

Director

Asbjørn Mosgaard Hyldgaard

Partner

Björn Larsson

Partner

Jørgen Lindholm Lau

Director

Tomi Martas

Investment Manager

Henri Nurmela

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

20 past transactions

Prodata

Acquisition in 2021
ProData Consult A/S is an IT consulting firm that offers a range of information technology services to businesses across Denmark, Norway, Sweden, Poland, Germany, and the Netherlands. Founded in 1994 and headquartered in Hvidovre, Denmark, the company specializes in providing expert consultancy to help organizations optimize their IT strategies and operations. Through its extensive experience in the field, ProData aims to support clients in achieving their business objectives by enhancing their technological capabilities.

Protemp

Acquisition in 2020
Protemp provides recruitment and temporary staffing solutions.

TeamVikaren

Acquisition in 2020
TeamVikaren operates as a temporary staffing agency.

Moment

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

SuperOffice

Acquisition in 2020
SuperOffice is a European provider of customer relationship management (CRM) solutions tailored for the business-to-business market. Founded in 1990 by Une Amundsen, the company has established a significant presence across multiple countries, including Norway, Sweden, Finland, Denmark, Germany, the UK, Benelux, Austria, Switzerland, the USA, and Japan. SuperOffice's offerings include a comprehensive CRM platform, along with services in sales, marketing, and various applications and integrations. The company also provides consulting services focused on strategic CRM issues, implementation, integration, and user education. With over 12,000 European companies utilizing its CRM solutions, SuperOffice has positioned itself as a key player in the CRM landscape.

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.

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.

Gubi

Acquisition in 2018
Gubi A/S specializes in the design, manufacture, and sale of indoor furniture and lighting. Established in 1967 in Copenhagen, Denmark, the company offers a diverse range of products, including various lighting fixtures, dining chairs, tables, and mirrors. Gubi caters to both consumers and the professional market, supplying items to retailers, offices, hotels, and restaurants. The brand is known for its contemporary designs that provide alternatives to traditional home decor, making it a notable entity in the interior design industry.

Orion Diagnostica

Acquisition in 2018
Orion Diagnostica Oy specializes in the development and manufacture of diagnostic test systems, focusing on infectious diseases, bone and soft tissue metabolism disorders, and hygiene monitoring. The company offers a range of products including QuikRead go, a point-of-care system for diagnosis and treatment management; QuikRead, a multi-analyte diagnostic tool; and Orion GenRead, a benchtop solution with ready-to-use kits. It also provides Cultura M, a portable incubator for on-site culture tests, and Easicult, a culture test for detecting microbes in industrial fluids. Other offerings include Hygicult, Clean Card PRO for hygiene monitoring, UniQ Collagen assays for measuring bone turnover, and Uricult for diagnosing urinary tract infections. Orion Diagnostica serves a diverse clientele, including healthcare professionals, hospitals, clinics, and the food processing sector, both in Finland and internationally. Founded in 1974, the company is headquartered in Espoo, Finland, with offices in several European countries.

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 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.

Silkeborg Data A/S

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

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.

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.

EG A/S

Acquisition in 2013
EG A/S is a provider of IT solutions based in Denmark, offering services both domestically and internationally. The company specializes in consultancy and programming, as well as the development of knowledge-based solutions, particularly for Danish local authorities. It delivers a range of enterprise resource planning (ERP) systems, including popular platforms such as Dynamics AX, Dynamics NAV, and SAP. Additionally, EG A/S offers comprehensive business consulting services that encompass business intelligence, budgeting, CRM, and process optimization. The company also focuses on public administration and citizen service solutions, developing subscription-based, industry-specific cloud services to support customers across various sectors, including manufacturing, construction, retail, and public services.

Netel

Acquisition in 2013
Netel Group AB is a Nordic service provider specializing in the planning, development, and maintenance of communication and electrical infrastructures. The company offers a comprehensive range of services, including project management, permit management, construction, installation, commissioning, and integration specifically tailored for telecom operators and system suppliers. Additionally, Netel provides planning and installation services for urban communication networks and broadband access in residential buildings, catering to network owners, cooperative housing associations, and municipal housing providers. The company also focuses on the preparation and construction of electrical distribution networks for various stakeholders, such as property owners and building contractors, while offering ongoing maintenance and support for both communication and electrical systems. Established in 2000, Netel is headquartered in Stockholm, Sweden.

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.

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.

Vital Petfood Group

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

Kwintet

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