M&A Deal Summary

Axcel and ATP Private Equity Partners Acquire Frontmatec Group

On July 12, 2016, private equity firms Axcel and ATP Private Equity Partners acquired machinery company Frontmatec Group

Acquisition Highlights
  • This is Axcel’s 3rd and ATP Private Equity Partners’ 1st transaction in the Machinery sector.
  • This is Axcel’s 29th and ATP Private Equity Partners’ 4th transaction in Denmark.
Investment Fate
  • Frontmatec Group was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2016-07-12
Target Frontmatec Group
Sector Machinery
Buyer(s) Axcel
ATP Private Equity Partners
Deal Type Consolidation

Target

Frontmatec Group

Kolding, Denmark
website
Frontmatec Group develops world-leading customized solutions for automation in the food industry, other hygiene-sensitive industries, and the utility industry. Frontmatec Group is especially renowned for high-quality systems for the entire value chain of the meat industry from carcass grading, slaughter lines, cutting and deboning lines, hygiene systems, and control systems to logistics and packaging. Frontmatec Group was founded in 2016 and is based in Kolding, Denmark.

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Buyer(S) 2

Buyer

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.


DEAL STATS #
Overall 39 of 62
Sector (Machinery) 3 of 3
Type (Consolidation) 1 of 3
Country (Denmark) 29 of 44
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-27 EXHAUSTO A/S

Langeskov, Denmark

EXHAUSTO A/S is a producer of mechanical ventilation solutions for residential buildings, offices, schools and institutions, etc.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-28 Danish Ship Finance

København, Denmark

Danish Ship Finance is a Danish financial institution that issues loans to Danish and foreign shipowners secured against their vessels. The company's vision is to be the most recognised and stable provider of financing for reputable shipowners. Ship financing requires a high degree of specialisation and expertise at every level, and the company's 70 employees currently manage a loan portfolio of around DKK 43 billion secured against some 450 vessels. The loan portfolio has broad exposure to numerous shipping segments and focuses on shipowners in Denmark and abroad with high credit ratings. Danish Ship Finance was founded in 1961 and is based in København, Denmark.

Buy -
Buyer
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.


DEAL STATS #
Overall 35 of 43
Sector (Machinery) 1 of 1
Type (Consolidation) 1 of 1
Country (Denmark) 4 of 6
Year (2016) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-13 Artsana Group

Como, Italy

Artsana Group operates as the global leader in branded baby care (through Chicco and complementary brands) as well as the largest European toys and babycare retailer (through Prenatal Retail Group’s brands). Artsana Group was founded in 1946 and is based in Como, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-23 Nets

Ballerup, Denmark

Nets is a payments processing utility for the Nordics region. Nets connects banks, businesses, public sector organizations, merchants and consumers through an international network facilitating digital payments. Nets was founded in 1968 and is based in Ballerup, Denmark.

Sell -