Danish Fashion Going Global - Spandet And Partners

DANISH FASHION GOING GLOBAL 59
18.5. Private equity funds
Private equity funds take an active position within the fashion industry. In Denmark
equity funds such as Axcel (Pandora, Noa Noa, Georg Jensen, Ball Group), EQT
(BTX group), Capidea (Aagaard jewelry, Kranz & Ziegler jewelry, Nümpf designer
fashion), Jysk-Fynsk Kapital (KABOOKI/Lego wear) are the key players.
Nordic Capital and CVC Capital Partners presently have no investments in fashion.
Axcel
Axcel owns a part of Pandora, Georg Jensen, Ball Group (fashion 42+) and Noa Noa.
Axcel was founded in 1994 and now has a wide range of Danish and international
investors and four private equity funds.
With 35 investments, Axcel has made more investments in medium-sized Danish
companies than any other private equity fund in Denmark.
Today Axcel’s present investments comprise 17 companies in widely differing sectors
with an overall revenue of approximately DKK 12.5 billion and approximately 9,000
employees. Since its inception, Axcel has built a comprehensive industrial network in
Denmark and abroad, not least by making around 40 major international add-on
acquisitions.
Capidea
Capidea owns Aagaard jewelry which recently acquired Kranz & Ziegler.
Capidea is a Danish private equity fund making long term investments in competitive
small- and medium-sized Danish companies with growth potential.
Capidea was established in November 2006 and has a capital commitment of DKK
750 million / EUR 100 million.
EQT
EQT owns BTX Group.
EQT is a group of leading private equity funds with investments in Northern and
Eastern Europe, Asia, and the United States. Activities focus on buyouts, growth
financing and infrastructure. EQT has raised approximately EUR 13 billion since its
establishment and invested some EUR 9.7 billion in more than 85 companies.