 Royal Copenhagen was a part of a group of Scandinavian companies, "Royal Scandinavia", together with Georg Jensen, and was owned by a Danish private equity fund, Axcel.Following Axcel's acquisition of Royal Scandinavia, Holmegaard Glasværk was sold in a MBO, and a controlling interest in the Swedish glass works Orrefors Kosta Boda was sold to New Wave Group.In December 2012, Axcel sold Royal Copenhagen to the Finnish listed company Fiskars, which was founded in 1649.