Axcel Industriinvestor AS, the Denmark based private equity firm, through its Axcel Fund VII fund has acquired tic elkas AS, the Denmark based automation solution provider company, from Dansk Ejerkapital Forvaltning ApS, the Denmark based private equity investment firm, and the companys management team, for an undisclosed amount. The transaction is expected to be finalised in Q4 2023. The management team will be reinvesting alongside Axcel.
Target – Tic Elkas a/s
Buyer – Axcel Industriinvestor a/s
Buyer – Management team
Seller – Dansk Ejerkapital Forvaltning aps
Seller – Management team
