Axcel has acquired retail and hospitality software provider LS Retail from Aptos.
LS Retail is a world-leading developer and provider of unified software solutions for retail, hospitality, food service, pharmacy and forecourt businesses, providing them with data visibility, reliable technology and a global standard for the enterprise. LS Retail’s vertical software solutions are built on the Microsoft Dynamics 365 Business Central platform and are sold and implemented in more than 110.000 outlets and restaurants across 157 countries.
Founded in Reykjavik, and operating under the LS Retail name since 2007, the company employs around 300 people, with offices in Iceland, Portugal, the US, the UAE and Malaysia.
Axcel is a leading private equity firm investing across Northern Europe, with a focus on the sectors Technology, Business Services & Industrials, Healthcare and Consumer, and has raised nine funds with committed capital of more than EUR 4.8 billion. Axcel currently owns 24 companies and has completed 77 platform investments, over 400 add-on acquisitions and 53 exits.
Accura acted as lead legal counsel to Axcel in connection with the transaction.