Axcel is a Nordic private equity firm with offices in Stockholm and Copenhagen. Since its foundation in 1994, Axcel has made 68 platform investments. The firm currently owns 20 companies across all four Nordic countries.
Company History
Axel targets four industry verticals: business services, healthcare, IT & technology and consumer goods.
Since its inception, Axcel has raised seven funds with total committed capital of over EUR 3.9bn. In August 2021, Axcel closed its sixth fund (Axcel VI) at EUR 807m.[1] In March 2024, Axcel VII raised EUR 1.3bn, exceeding its target of EUR 1bn.[2]
Founder Christian Frigast stepped down from the company in December 2021.[3]