April 4, 2025

Axcel implements Dealstack to enhance ownership management

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Dealstack, the leading operating system for private capital, is proud to announce that Axcel has selected Dealstack to support their deal teams and portfolio companies across Axcel’s portfolio.

As part of this partnership, Axcel will implement Dealstack’s product suite, including for the management of:

  • Employee equity plans
  • Cap tables, and
  • Waterfall calculations

By adopting Dealstack, Axcel is eliminating fragmented workflows and embracing a single source of truth for ownership data - ensuring accuracy, transparency, and efficiency across its investments.

A New Standard for Private Capital

Managing complex holding structures in private capital has long relied on outdated tools - Excel for cap tables, PowerPoint for structure charts, and shared drives or individual email inboxes for legal documents. These manual processes create inefficiencies, increase risk, and are a frustrating distraction from value-added work.

Axcel, a firm known for operational excellence, recognised the need for a purpose-built solution. By integrating Dealstack in their portfolio, Axcel now benefits from:

  • Automated processes that reduce administrative workload;
  • Full transparency across ownership structures and transactions, and;
  • Seamless collaboration between deal teams, legal advisors, and portfolio companies.
“Managing ownership data has historically been cumbersome and time-consuming. By using Dealstack, we are equipping our companies with a more scalable and efficient solution for managing ownership, cap tables, and waterfalls.”

John Kleven Falck
Associate Director, Axcel

Seb Lapinski, Co-Founder of Dealstack, commented:

"Having spent many years in private capital as an investment professional, I’ve seen firsthand how fragmented ownership data can be - manual workflows, disconnected systems, and outdated processes. Axcel’s decision to partner with us at Dealstack marks a major step forward in how the industry is developing. The best firms are not only finding and executing great deals - they are also using technology to work smarter, faster, and with complete confidence in their data."

About Dealstack

Dealstack automates important workflows - including valuation waterfalls, employee equity and ownership tracking, structure charts, contract management and more – all within a single, structured platform, built specifically for private capital. The result: faster execution, real-time collaboration, and better data, producing significant time and cost savings.

About Axcel

Founded in the Nordics, Axcel is a leading private capital firm investing across Northern Europe, with a focus on four sectors: Technology, Business Services & Industrials, Healthcare, and Consumer. The team across Copenhagen, Stockholm, and Frankfurt draws on 30 years of experience in building market leaders through a collaborative mindset and a structured approach to value creation.

Axcel has raised seven funds, with committed capital of more than EUR 4.1 billion from Nordic and international investors. The portfolio currently consists of 20 companies. Axcel has made a total of 73 platform investments, more than 375 add-on acquisitions, and 53 exits.

For more information, visit www.axcel.com.

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