Axcel Closes Fifth Private Equity Fund, at €617M
Summary
Axcel, a Nordic private equity firm focusing on mid-market companies, raised its fifth fund, at €617m.Axcel V has received support from both existing investors and a diversified group of new investors from the Nordic countries, the rest of Europe and the US, as well as a large number of families, foundations and company owners.To date, Axcel V has made three investments in family-owned and growth-oriented companies, which means that more than 25 % of the fund has already been invested: – Nissens, a global manufacturer and system provider of engine cooling and climate products to the global automotive aftermarket as well as cooling systems for industries within the renewable energy sector.– Mountain Top, a provider of pick-up truck accessories for factory fitting at carmakers such as Ford, Nissan, Renault, VW, Mercedes-Benz and Toyota.– Isadora, a producer of colour cosmetics in the categories of eyes, complexion, lips and nails for approx.