Maj Invest takes majority stake in ProLøn

The investment will see Lars Monrad-Gylling, the former CEO of Danish IT giant KMD, become chairman of the board for ProLøn, as well as take a minority stake in the company.

Together with new and existing management, Maj plans to grow the business's operations in Denmark, where it sees a much larger client base than ProLøn is currently serving.

Former majority shareholder Gert Davidsen will retain a stake in the company following the deal, alongside systems developer Bente Dahlgaard.

Company
Founded in 2001, the Randers-based company provides payroll solutions to small and medium-sized companies.

ProLøn’s history goes back more than 30 years. Its 19 employees service 10,000 companies.

People
Partner Niels Toft worked on the deal for Maj, while Gert Davidsen was the majority shareholder in ProLøn before the deal. Jens Møldrup Jensen is the CEO of ProLøn. Lars Monrad–Gylling is the company's new chairman.

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• Topics
• Nordics
• Buyouts
• Industrials
• Denmark