M&A Deal Summary

Magellan Capital Acquires Danish Ship Finance

On June 10, 2024, private equity firm Magellan Capital acquired financial services company Danish Ship Finance from Axcel

Acquisition Highlights
  • This is Magellan Capital’s 1st transaction in the Financial Services sector.
  • This is Magellan Capital’s 1st transaction in Denmark.

M&A Deal Summary

Date 2024-06-10
Target Danish Ship Finance
Sector Financial Services
Buyer(s) Magellan Capital
Sellers(s) Axcel
Deal Type Secondary Buyout

Target

Danish Ship Finance

Copenhagen, Denmark
Danish Ship Finance is a Danish financial institution that issues loans to Danish and foreign shipowners secured against their vessels. The company's vision is to be the most recognised and stable provider of financing for reputable shipowners. Ship financing requires a high degree of specialisation and expertise at every level, and the company's 70 employees currently manage a loan portfolio of around DKK 43 billion secured against some 450 vessels. The loan portfolio has broad exposure to numerous shipping segments and focuses on shipowners in Denmark and abroad with high credit ratings. Danish Ship Finance was founded in 1961 and is based in Copenhagen, Denmark.

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Buyer(S) 1

DESCRIPTION

Magellan Capital is a permanent capital investment firm focused on private and public market investments. Magellan Capital was formed in 2024 and is based in Dubai.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Denmark M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 4.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.


DEAL STATS #
Overall 48 of 49
Sector: Financial Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 15 of 15
Country: Denmark M&A 35 of 36
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-23 Loopia

Vasteras, Sweden

Loopia is a hosting provider that offers domains, web hosting, and value-added services. The products are sold directly online on a prepaid subscription basis to a growing customer base of about 350,000 small and medium-sized businesses and prosumer customers. The products are sold under the Loopia brand in Sweden and the Active 24 brand in the Czech Republic. Loopia is based in Vasteras, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-10 Nissens

Horsens, Denmark

Nissens develops, manufactures and sells cooling and climate products for the global automotive aftermarket, and Nissens Cooling Solutions, which designs, manufactures and sells custom cooling components, systems and modules for the wind turbine industry and the industrial sector, including the defence, mining and civil engineering industries. The group has more than 1,300 employees worldwide, with sales and production facilities across three continents. Both Nissens Automotive and Nissens Cooling Solutions are renowned for their focus on innovation and product development, high product quality and strong logistical and supply chain concepts. Nissens was founded in 1921 and is based in Horsens, Denmark.

Sell $388M