Founded in 1994, Axcel is a Nordic private equity firm focusing on mid-market companies and has a broad base of both Nordic and international investors. Axcel has raised five funds with total committed capital of just over €2bn. These funds have made 54 platform investments, with almost 100 major add-on investments. 43 businesses have been sold or listed. Axcel currently owns 11 companies with combined annual revenue of more than €1bn and more than 4k employees.