Axcel has entered into an agreement to acquire all shares in Voff Premium Pet Food Sweden AB (“Voff”) – a leading consolidator in the European premium natural pet food segment. The Voff group was established in 2014 and generates approximately SEK 1.0 billion in revenue.

The acquisition of Voff is Axcel VI’s 13th investment. Axcel VI was raised in 2020 focusing on the Nordic mid-market and held final close in 2021 with a total committed capital of EUR 807 million.

The transaction is subject to customary regulatory approvals and is expected to complete in Q3 2022.

Gernandt & Danielsson advises Axcel with a team consisting of partner Mikael Borg, partner elect Gabriel Zsiga, senior associates Erika Olofsson and Pierre Olsson, associates Matteus Özer and Björn Andersson as well as partners Andreas Holmqvist (employment), Sofie Viktorsson (financing) and Foad Hoseinian (competition), senior associates Magdalena Jerner (IP) and Kajsa Sundklev (financing) and associates Viktor Borg (competition), Dena Dervanović (IT and data protection) and Alexander Thörnberg (financing).