Axcel Closes Oversubscribed Axcel Fund VII at €1.3 Billion

Axcel, a leading Nordic private equity firm, has successfully closed its seventh fund, Axcel VII, at a hard cap of EUR 1.3 billion, surpassing its initial target of EUR 1 billion. This fundraising marks a substantial increase of 60% from its predecessor, Axcel VI, which closed at €807 million in 2021. Axcel VII maintains a focused Nordic mandate, targeting high-performing businesses across four key sectors: Technology, Business services & Industrials, Healthcare, and Consumer. Notably, the fund has already deployed capital into four promising investments, including sustainability-focused consulting group XPartners, software and information services company Progrits, electrical panel providers tic elkas / Eegholm Group, and a recent addition of a Swedish professional services group. This successful capital raise underscores Axcel's continued strength and commitment to driving growth in the Nordic region's private equity landscape.