Axcel has reported that their three funds created a total return of DKK 392 million in 2008. This corresponds to a weighted average return of 17 % of the funds’ investments, which amounted to DKK 2.4 billion.
This year’s return is lower than in previous years, but Axcel considers it satisfactory due to the adverse economic climate . Among the best performing portfolio companies is Fx HusCompagniet, which has, in the space of just a few years, developed into a market leader, and recently presented its highest ever recorded earnings.
Axcel made two new investments in 2008, which means the three funds together owned 16 companies by the end of the year. These companies had a total turnover of approximately DKK 11 billion
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