The Nordic private equity fund Axcel has signed an agreement to acquire the Swedish pet food supplier Voff Premium Pet Food from its current owner, Systematic Growth.
Voff Premium Pet Food is considered a leading company in the European premium natural pet food segment. It counts nine pet food brands in its portfolio. Partnership with Axcel is expected to help the company consolidate its leading position in Europe further in the next few years. Voff employs over 300 staff. Its turnover is SEK 1 bn (approx. 943 mio euros).
In the last 25 years, six funds have been created at Axcel with cumulative capital commitments of 2.8 bn euros. These funds have made 68 platform investments with more than 150 add-on investments and 49 exits. Voff Premium Pet Food is the first company in the pet food business to be acquired by Axcel.
