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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

Stockholm, 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. Currentum was founded in 2020 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 4.1B 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 54 of 69
Sector (Business Services) 3 of 5
Type (Consolidation) 2 of 4
Country (Sweden) 10 of 16
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 -
Mergr

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