Magellan Capital to acquire a majority stake in Danish Ship Finance from Axcel, PFA and PKA.

Magellan Capital, an an investment company, agreed to acquire a majority stake in Danish Ship Finance, a niche player in the ship finance market, from Axcel, a private equity group, PFA and PKA, two pension funds. Financial terms were not disclosed. “Magellan’s investment in Danish Ship Finance is central to our long-term strategy to build a portfolio of premium diversified assets. Danish Ship Finance’s stable performance throughout shipping cycles makes it an attractive long-term investment for Magellan. With our expertise and network, we will support the business in further strengthening its market positioning,” Ahmed Omar, Magellan Chief Investment Officer.