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We are pleased to announce that Axcel and Danish pension funds PFA and PKA have sold Danmarks Skibskredit (Danish Ship Finance) to Magellan Capital Holdings Ltd. Danish Ship Finance will be a flagship investment for Magellan whose investment portfolio is characterised by a long-term and diversified investment strategy. Thank you to PFA and PKA for a strong partnership for the past seven years. Axcel, PFA and PKA invested in Danish Ship Finance in 2016, and during the ownership period, the company has continued its internationalisation and solidified its position as the premier specialised ship mortgage finance provider. As Axcel will be staying on as co-investor with a 5% stake, we are looking forward to ensuring a smooth transition while also working closely with Magellan to continue growing the business. With the sale of Danish Ship Finance to a new majority owner, the last company has been divested from Axcel IV, which has produced strong exits, including the sales of Conscia, EG and Frontmatec. Find the full press release here: https://lnkd.in/dAZhxZmy #axcel, #privateequity

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Anders Bendtsen

Student at Copenhagen Business School

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