Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Nordic Capital Sells EG to Axcel for Near 4-Times Return

Nordic Capital will reap four times its investment from the sale of Danish information-technology company EG A/S to Axcel A/S, another private-equity firm, said a person with knowledge of the investment.

The Swedish investor today agreed to sell the Copenhagen-based software and services provider for about 1.19 billion Danish krone ($209 million), said the person, who asked not to be identified because the transaction hasn’t been made public. That’s about four times more than its original investment in July 2008, the person added.

“The company has significantly strengthened its market position and is well-placed to continue to develop and grow under the new ownership,” Lars Terney, chairman of EG and partner at Nordic Capital, said in a statement, which didn’t disclose terms of the transaction.

The firm, which specializes in Scandinavian and German-speaking countries, is seeking to return cash to investors as it asks for as much as six more months to complete its latest fundraising. The firm, which is seeking 3 billion euros ($3.9 billion) euros, held a 1.7-billion euro first close in February.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.