Investment Summary

Systematic Growth Exit Nutriment

On July 13, 2022, private equity firm Axcel and mezzanine finance firm Crescent Capital Group invested in consumer products company Nutriment from Systematic Growth

Investment Highlights
  • This is Axcel’s 6th and Crescent Capital Group’s 2nd transaction in the Consumer Products sector.
  • This is Axcel’s 12th and Crescent Capital Group’s 1st transaction in Sweden.

Investment Summary

Date 2022-07-13
Target Nutriment
Sector Consumer Products
Investor(s) Axcel
Crescent Capital Group
Sellers(s) Systematic Growth
Deal Type Secondary Buyout

Target

Nutriment

Stockholm, Sweden
Nutriment is a consolidator in natural pet food segment, offering raw pet food, treats, chews and supplements through multiple channels, both online and offline. Nutriment was formed in 2014 and is based in Stockholm, Sweden.

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Investor(S) 2

Investor

Axcel

Copenhagen, Denmark

Investor 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 64 of 69
Sector: Consumer Products M&A 6 of 6
Type: Secondary Buyout M&A Deals 11 of 12
Country: Sweden M&A 12 of 16
Year: 2022 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 Oral Care

Stockholm, Sweden

Oral Care is a private care provider within dentistry and offers general dental care at clinics for all ages and mobile dentistry for elderly care patients. The company is active in eight county councils in Central and Southern Sweden, and in Norway, and has a growing network of clinics for general dental care. Oral Care was formed in 1989 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-10 Frontmatec Group

Kolding, Denmark

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.

Sell -
Investor

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $40 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.


DEAL STATS #
Overall 65 of 67
Sector: Consumer Products M&A 2 of 2
Type: Secondary Buyout M&A Deals 24 of 25
Country: Sweden M&A 1 of 1
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 SRL Traffic Systems

Cheshire, United Kingdom

SRL Traffic Systems is a manufacturer and provider of portable and temporary traffic equipment. The company boasts a nationwide network of 26 depots. It has the industry’s widest range of temporary pedestrian and traffic light systems and is the UK market leader in the sale and hire to the traffic management sector. SRL Traffic Systems was founded in 1997 and is based in Cheshire, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Enhanced Resource Centers

Jacksonville, Florida, United States

Enhanced Resource Centers is a provider of customer experience management solutions with a focus on call center-based business process outsourcing solutions and accounts receivable management services to blue-chip clients in a variety of industries, including financial services, telecommunications, utilities, and student loan markets. Enhanced Resource Centers was founded in 1999 and is headquartered in Jacksonville, Florida.

Sell -

Seller(S) 1

DESCRIPTION

Systematic Growth is an investment management firm that seeks niche businesses with potential for long-term growth. The Firm considers successful companies in a variety of industries with strong barriers to entry and limited competition. Systematic Growth is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2022 M&A 1 of 1