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.