Horten has advised Findos Investor GmbH in connection with the acquisition of Ball Group ApS from the capital fund Axcel.

Findos Investor GmbH is a German capital fund with German family-owned companies as investors.

Ball Group ApS was established in 1988 in Billund and manufactures fashion clothes with focus on the curvy fashion brand Zizzi. Axcel became the principal shareholder in January 2007.

Ball Group ApS had a turnover of DKK 590 million in the last accounting year. The result for 2018 amounted to DKK 23.8 million and the EBITDA (normalised in relation to one-time costs) amounted to DKK 55.8 million.

Mikkel Primdal Kæregaard and Frederik Vest-Maagensen assisted the purchaser.


Mikkel Primdal Kæregaard

Partner, Chairman of the Board

Frederik Vest-Maagensen

Director, Attorney