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Transactions / BullWall

Axcel invests in BullWall, a leading ransomware protection software provider

Platform acquisitionannouncedannounced Dec 21, 2021Fact
What happened
Target
BullWall
Platform
not an add-on on record
Control
Control
Share acquired
unknown
Industry
technology / cybersecurity, software
Target location
unknown
Seller kind
Founder
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
3 named
Buy side
  • Axcel Management A/sSponsorconfirmed
    “Founded in 1994, Axcel is a Nordic private equity firm focusing on mid-market companies, with a broad base of both Nordic and international investors.”
Side not stated
  • Michael SlipsagerManagementconfirmed
    “Michael Slipsager, CEO of BullWall, says: “ We’re very well positioned to address the big threat of ransomware attacks in society, and we see great opportunities in the market for continued future growth.”
  • BullWallTargetconfirmed
    “Axcel invests in BullWall, a leading ransomware protection software provider”
Evidence
“Axcel invests in BullWall, a leading ransomware protection software provider”
Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)confidence 80%recorded Sep 16, 2026
Axcel invests in BullWall, a leading ransomware protection software provider | Private Equity Intelligence | DFX