MCF advised Standout Capital and the owners of Axel Health on the sale to Legrand
Standout Capital, a Stockholm-based growth-oriented private equity firm investing in Nordic technology companies, has divested its full stake in Axel Health, a leading Finnish provider of connected health solutions for patient flow management, with operations across Finland and Sweden.
Legrand is a global specialist in electrical and digital infrastructures for buildings, headquartered in France and listed on Euronext Paris. Through its Legrand Care division, Legrand develops and provides connected healthcare and assisted living solutions for home care, residential care, and hospital environments.
The transaction gives Axel Health the backing of a large, listed strategic player with a global healthcare infrastructure platform to support its continued growth, while further expanding Legrand Care’s connected health solutions, following the acquisitions of Enovation and Performation in the Netherlands.
Erik Wästlund, Investment Professional & Co-founder, Standout Capital: “We chose the team at MCF for this important transaction based on their “client first” attitude, solid advice throughout and high-quality execution. They delivered on every aspect of the mandate.“
MCF acted as the exclusive M&A advisor to Axel Health, supporting both shareholders and management throughout the entire sale process.
About Axel Health
Founded in 2008, Axel Health provides digital solutions aimed at improving healthcare and enhancing patient experience. Their suite with patient flow management solutions (PFM) supports organisations in health and social care with a patient self-service platform that streamlines the patient journey (Axel Encounter), an automated scheduling solution that optimises resource allocation (Axel Planner), and a coordination system that ensures safe and efficient patient transfers within healthcare units (Uoma). Axel Health has built a leading position in Finland and Sweden.
About Legrand Care
Legrand Care brings technology and (health)care together to make a meaningful difference for care professionals and the people in their care. With over 40 years of knowledge and experience Legrand Care enable the secure, efficient, and continuous delivery of care across every setting: on the move, at home, in residential environments, and within hospitals, clinics, and primary care. In 2024, Legrand Care strategically acquired Enovation, a digital care platform that supports care professionals throughout the entire patient journey. The acquisition strengthened Legrand Care’s connected care offering and further expanded its ability to enable seamless digital care delivery.
Legrand Care is a specialised technology division within the Legrand Group.
About Standout Capital
Standout Capital is a Stockholm-based growth-oriented private equity firm investing in Nordic technology companies. Standout Capital has backed Axel Health since 2019, supporting the Company’s growth, including its 2024 acquisition of Unitary Healthcare.
