M&A Deal Summary

Axcel Acquires Currentum

On October 16, 2020, private equity firm Axcel acquired business services company Currentum

Acquisition Highlights
  • This is Axcel’s 3rd transaction in the Business Services sector.
  • This is Axcel’s 10th transaction in Sweden.

M&A Deal Summary

Date 2020-10-16
Target Currentum
Sector Business Services
Buyer(s) Axcel
Deal Type Consolidation

Target

Currentum

Sweden
Currentum is a major player in the Swedish technical installation market and has been created through the combination of Ventab, Ventilationsprojekt, Installationsbolaget VS, and Sprinkler.

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Buyer(S) 1

Buyer

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor


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 53 of 65
Sector (Business Services) 3 of 3
Type (Consolidation) 2 of 3
Country (Sweden) 10 of 13
Year (2020) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 AddPro

Malmö, Sweden

AddPro conducts operations in the IT area Secure & Efficient IT. With a combination of top-ranked consultants, strategic suppliers, selected cloud services, in-house data centers, and 24/7 staffed support, AddPro can provide customers with the best combination of solutions that meet high business requirements. AddPro was founded in 2000 and is based in Malmo, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-26 Edda Group

Denmark

Edda Group is a temporary staffing group with a clear edge within digital based on its proprietary developed IT system.

Buy -