Axcel has partnered up with Bekk Consulting, after acquiring the company from TietoEvry, with management team and employees co-investing alongside Axcel. The transaction marks Bekk’s transition to an independent, Axcel-backed company with a strong platform for continued growth. The associated inaugural bond issue attracted strong interest from institutional investors and was significantly oversubscribed, securing the financing required to enable a seamless carve-out.
Bekk is a leading Norwegian technology and management consultancy with more than 600 employees across offices in Oslo and Trondheim. The company provides integrated digital product development and management consulting services, delivering mission-critical digital solutions to blue-chip public and private clients.
ABG Sundal Collier acted as Axcel’s financial advisor in the acquisition of Bekk and subsequently as Joint Bookrunner on the NOK 700 million senior secured bond issue. Net proceeds from the bond, together with equity from Axcel and management, will be used to finance the acquisition and for general corporate purposes.
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