M&A Deal Summary

Axcel Acquires Nordic Tyre Group

On December 20, 2024, private equity firm Axcel acquired distribution company Nordic Tyre Group from Altor Equity Partners

Acquisition Highlights
  • This is Axcel’s 1st transaction in the Distribution sector.
  • This is Axcel’s 16th transaction in Sweden.

M&A Deal Summary

Date 2024-12-20
Target Nordic Tyre Group
Sector Distribution
Buyer(s) Axcel
Sellers(s) Altor Equity Partners
Deal Type Secondary Buyout

Target

Nordic Tyre Group

Stockholm, Sweden
Nordic Tyre Group is an independent tyre distributor. Nordic Tyre Group 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 69 of 69
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 12 of 12
Country (Sweden) 16 of 16
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-04 Accru Partners

Stockholm, Sweden

Accru Partners is an alliance of independent firms specialising in accounting, tax, audit and advisory services. The group combines the best of both worlds: the autonomy, knowledge and presence of its local firms with the stability, reach and economies of scale of a much larger company. Accru Partners was founded in 2024 and is based in Stockholm, Sweden.

Buy -

Seller(S) 1

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 52 of 53
Sector (Distribution) 3 of 3
Type (Secondary Buyout) 13 of 14
Country (Sweden) 20 of 20
Year (2024) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-21 Carnegie Investment Bank

Stockholm, Sweden

Carnegie is a Nordic independent investment bank with strong positions in equities research, brokerage, corporate finance advisory, asset management and private wealth management. Carnegie Investment Bank was founded in 1803 and is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-11 Wrist Ship Supply

Noerresundby, Denmark

Wrist Ship Supply is a ship and offshore supplier of provisions and stores. The Company offers sourcing, storing, consolidating and delivering provisions, stores and spare parts to vessels worldwide through its extensive global supply network. Wrist Ship Supply was founded in 1953 and is based in Nørresundby, Denmark.

Sell -