Axcel Management to acquire ProData from Polaris Equity for £231m.

Axcel Management, a private equity firm, agreed to acquire ProData, a Business & IT Consultant company, from Polaris, a private equity firm, for £231m. ”ProData Consult has developed fantastically and significantly faster than we initially expected. We have built on a strong foundation and enjoyed excellent cooperation with the management and employees who have carried on the company’s culture, created the strong results and proved that they are able to leverage ProData Consult’s scalable business model and outgrow the attractive underlying IT service market. We are pleased to be able to pass on a company in top form and look forward to following ProData’s continued development,” Rune Lillie Gornitzka, Polaris Partner.