Hg-backed team.blue completed the acquisition of Loopia from Axcel.

Hg-backed team.blue, a digital enabler for entrepreneurs and SMBs, completed the acquisition of Loopia, a provider of digital presence solutions, from Axcel, a private equity group. Financial terms were not disclosed. "The integration of Loopia Group into team.blue opens up a world of possibilities for the European digital services industry, extending our reach into some of Europe's most dynamic sectors and creating a unique offering to more than three million customers across more than 20 countries, now backed by a team of 2.7k exceptionally talented individuals," Jonas Dhaenens, team.blue Founder and President.