Latest Axcel News & Updates

See the latest news and media coverage for Axcel. We track all announcements, press releases, and industry mentions in real time, all in one place.

Axcel

Northern European private equity firm

axcel.com

Headquarters: Copenhagen, Denmark
Founded year: 1994
Company type: Private company
Number of employees: 190–200
Industry: Investment Management & Fund Operators

Last updated September 1

Latest news about Axcel

In short: Axcel closed its €2.1 billion flagship fund above target and Elevate I at its €459 million hard cap.

Company announcements

September 1 Axcel

Axcel closes its eighth mid-market fund at €2.1 billion

The oversubscribed capital significantly exceeds its initial target and reflects strong demand from global institutional investors across the Nordics, Europe, the US, and Asia.

March 31 Axcel

Axcel acquires Geomatikk Group from Hg

Geomatikk provides tech-enabled services and software for underground infrastructure protection. It serves Nordic markets with 630 employees and plans European expansion.

December 9, 2025 Axcel

Axcel acquires LS Retail from Aptos

This marks Axcel's first investment in Iceland, adding a leading retail and hospitality software provider with global reach to its Nordic portfolio. LS Retail serves over 110,000 outlets worldwide.

September 11, 2025 Axcel

Axcel hosted biannual investor meeting

Record attendance and many new colleagues. Updates covered investments, exits, 90+ H1 2025 add-ons, leadership transition, and Axcel Elevate fundraising for Nordic SMEs.

Media coverage

August 31 Børsen

Axcel raises new fund of 16 billion DKK at lightning speed

Axcel draws 15.7 billion DKK from its investors and thereby raises more money than expected. The leading partner is surprised by how fast it went...

June 3 Børsen

Capital fund buys four companies - wants to create new medtech giant

Capital fund buys four companies - wants to create new medtech giantThe Danish capital fund Axcel makes its second investment from its so-called Elevate fund, which targets smaller and...

May 5 Computerworld

Private equity fund acknowledges pressure on Itm8: "The market has developed a bit more subdued than expected"

One of the country's largest private equity funds must admit after four years as owner of ITM8 that the good return is taking its time.

March 31 Børsen

Axcel buys Norwegian IT company in billion deal

Axcel buys Norwegian IT company in billion dealDenmark's largest private equity fund, Axcel, has really opened the floodgates in the Norwegian market. Since December, it has bought three...

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