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Investor relations

Axcel has set up six funds with a total capital commitment of more than EUR 2.5 billion. All Axcel's funds are domiciled in Denmark.

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  • Axcel VI
  • Axcel V
  • Axcel IV
  • Axcel III
  • Axcel II
  • Axcel I

Axcel VI

Axcel VI was raised in 2020 as a standard private equity limited partnership focusing on the Nordic mid-market. The first close was held in February 2020 with EUR 507 million in committed capital. SuperOffice is Fund VI's first investment followed by AddPro.

2020
Investment period
Nordic
2
507 million
Limited partnership
n.a

Investors by type

Investors by region

Companies

Company
Country
Invested
Exit
Fund
Sweden
2020
Axcel VI
Norway
2020
Axcel VI

Axcel V

Axcel V was raised in 2017 as a standard private equity limited partnership focusing on the Nordic mid-market. The fund was closed at the beginning of 2018 with EUR 617 million in committed capital. The fund has invested in Nissens, Mountain Top, IsaDora, Aidian (Orion Diagnostica), GUBI, Loopia, European Sperm Bank, Phase One and SteelSeries.

2017
Realisation period
Nordics
9
617 million
Limited partnership
1.4

Investors by type

Investors by region

Companies

Company
Country
Invested
Exit
Fund
Denmark
2019
Axcel V
Denmark
2019
Axcel V
Denmark
2019
Axcel V
Sweden
2018
Axcel V
Sweden
2018
Axcel V
Denmark
2018
Axcel V
Finland
2018
Axcel V
Denmark
2017
Axcel V
Denmark
2017
Axcel V

Axcel IV

Axcel IV was raised in 2010 as a standard private equity limited partnership focusing on the Nordics mid-market.The fund has committed capital of DKK 3.6 billion (EUR 485 million) and has invested in 12 companies.

2010
Realisation period
Nordics
12
9
3.6 billion
Limited partnership
4.0

Investors by type

Investors by region

Companies

Company
Country
Invested
Exit
Fund
Denmark
2016
Axcel IV
Denmark
2016
Axcel IV
LESSOR Group
Denmark
2016
2018
Axcel IV
Conscia
Denmark
2015
2019
Axcel IV
EG
Denmark
2013
2019
Axcel IV
Finland
2013
Axcel IV
EXHAUSTO
Denmark
2013
2016
Axcel IV
Netel
Sweden
2013
2016
Axcel IV
Silkeborg Data
Denmark
2013
2015
Axcel IV
Mita-Teknik
Denmark
2012
2019
Axcel IV
Nordic Waterproofing
Sweden
2011
2017
Axcel IV
Cimbria
Denmark
2011
2013
Axcel IV

Axcel III

Axcel III was raised in 2005 as a standard private equity limited partnership focusing on the Danish and Swedish mid-market.The fund had committed capital of DKK 3.0 billion (EUR 400 million) and invested in 11 companies between 2005 and 2009.

2005
Fully realised
Denmark / Sweden
11
11
3.0 billion
Limited partnership
7.1

Investors by type

Investors by region

Companies

Company
Country
Invested
Exit
Fund
LGT
Sweden
2009
2015
Axcel III
PANDORA
Denmark
2008
2014
Axcel III
Johan Bauer Education
Sweden
2008
2013
Axcel III
Noa Noa
Denmark
2007
2014
Axcel III
Driconeq
Sweden
2007
2018
Axcel III
IDdesign
Denmark
2007
2014
Axcel III
Ball Group
Denmark
2007
2019
Axcel III
HusCompaniet
Denmark
2006
2011
Axcel III
Netcompany
Denmark
2006
2011
Axcel III
TCM Group
Denmark
2006
2015
Axcel III
EskoArtwork
Belgium
2005
2011
Axcel III

Axcel II

Axcel II was formed in 2000 as a limited company and had committed capital of DKK 2.5 billion.

2000
Closed
Denmark
10
10
2.5 billion
Stock company
7.7

Investors by type

Investors by region

Companies

Company
Country
Invested
Exit
Fund
Ellipse (DDD)
Denmark
2004
2010
Axcel II
Junckers Industrier
Denmark
2004
2014
Axcel II
Vest Wood
Denmark
2002
2005
Axcel II
NetTest
Denmark
2002
2005
Axcel II
Georg Jensen
Denmark
2001
2012
Axcel II
Guld & Marstrand
Denmark
2001
2005
Axcel II
Royal Copenhagen
Denmark
2001
2012
Axcel II
Aalborg Industries
Denmark
2000
2005
Axcel II
Icopal
Denmark
2000
2007
Axcel II
Vital Petfood Group
Denmark
2000
2014
Axcel II

Axcel I

Axcel I was founded in 1994 as an evergreen fund with committed capital of DKK 1.1 billion (EUR 148 million).

1994
Closed
Denmark
14
14
1.1 billion
Stock company
6.9

Investors by type

Investors by region

Companies

Company
Country
Invested
Exit
Fund
Svenska Fönster
Denmark
2000
2003
Axcel I
Kwintet
Denmark
1999
2005
Axcel I
LOGSTOR
Denmark
1999
2006
Axcel I
Laundry Systems Group
Denmark
1998
2006
Axcel I
Thygesen Textile Group
Denmark
1998
2006
Axcel I
Kilroy Travels
Denmark
1998
2006
Axcel I
Rationel Vinduer
Denmark
1998
2003
Axcel I
BB Electronics
Denmark
1998
2016
Axcel I
Bekaert Handling Group
Denmark
1997
2005
Axcel I
GraphX
Denmark
1997
2003
Axcel I
Føvling
Denmark
1997
2002
Axcel I
Tvilum-Scanbirk
Denmark
1996
2000
Axcel I
Monarflex
Denmark
1995
2000
Axcel I
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