Axcel has acquired majority in Ball Group

Clearwater Advisor

Denmark’s largest private equity fund Axcel has acquired 55% of the shares in Ball Group. The founders of Ball Group Peter and Anne Marie Nissen and family and the current management continue to hold 45% of the shares in the company.

Ball Group sells fashion clothes for women via wholesale businesses (the brands: Culture, Lipo Lipo, Zizzi, Zizzi Jeans and Zay) and through their own and franchise shops under the brand name Solo and Zizzi.

In the last 3 years up to the sale the company has achieved growth at 30-35 % p.a. and 2006 sales will exceed DKK 400 mill.