Axcel VII

Axcel VII is a fund with a focused Nordic mandate and invests in high-performing businesses within Axcel’s four focus sectors: Technology, Business services & Industrials, Healthcare and Consumer. The fund targets investments in these sectors to create profitable growth and lasting transformations in Nordic mid-market companies. The fund has already made its first four investments: XPartners, a sustainability-focused technical consulting group; Progrits, a software and information services company; tic elkas / Eegholm Group, providers of electrical panels, and most recently a Swedish professional services group. This demonstrates the fund's focus on specific types of businesses within its target sectors. Axcel VII’s investor base consists of leading investors from the Nordics, Europe and the Americas, including foundations, pension funds, insurance companies, funds of funds and family offices. This demonstrates the fund's interest in attracting investors from a diverse range of geographies and investor types. The fund has realized investments in 2023, divesting both Delete Group and Mountain Top, and has made more than 70 add-on acquisitions to its platform companies in the past 12 months. This demonstrates the fund's active investment activity and focus on creating value in its portfolio companies.