Axcel completed the acquisition of a majority stake in SuperOffice from Visma for $95m.

Axcel, a Nordic private equity firm, completed the acquisition of a majority stake in SuperOffice, a provider of cloud-based CRM software to B2B-oriented companies in Europe, from Visma, a provider of business software and IT-related development and consultancy for $95m. “Gisle and his team have done a great job in transitioning SuperOffice to a cloud-based SaaS provider and is therefore in a strong position to accelerate growth going forward. SuperOffice’s high-quality customer base and its attractive subscription-based business model with stable recurring revenues and high cash conversion have proven resilient dur-ing past business cycles. For this reason, we at Axcel consider SuperOf-fice to be a robust and attractive investment opportunity, and I'm de-lighted to be able to announce that this is not only our first investment in our new fund, Axcel VI, but also our first platform investment in Norway,” Christian Bamberger Bro, Axcel Partner.