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Announced

Axcel to acquire a majority stake in AddPro from Adelis for $124m.

Financials

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Transaction Value£96m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.4x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Digital Services

Majority

Sweden

it outsourcing

Single Bidder

Acquisition

Friendly

Private Equity

Pending

Private

Cross Border

Synopsis

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Axcel, a Nordic mid-market private equity firm, agreed to acquire a majority stake in AddPro, a Swedish provider of IT outsourcing, application and cloud integration services, from Adelis Equity Partners, a private equity firm focused on the Nordic lower middle market, for $124m. "AddPro’s impressive development and its market leading position, which Nicklas and his team has managed to build over the years, are a testimony to the strong corporate culture, the skilled management team, and the highly competent employees. AddPro has proven to be able to grow organically as well as acquisitively and we regard the company as a very attractive platform for continued growth," Christian Bamberger Bro, Axcel Partner.

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