Axcel IV buys 100% of the Lessor Group from the founding Fich family. Plesner has advised the Fich family and the Lessor Group for more than 35 years and has assisted the family in connection with the transaction.

The Lessor Group that specialises in IT-based payroll and human resources management systems through their proprietary brands, LESSOR and Danløn, holds a particularly strong position in the payroll system market especially for private undertakings.

The Lessor Group has approximately 45,000 customers in Denmark and 1,500 customers internationally - and about 850,000 employees' salary is paid by means of a system developed by the Lessor Group.

The transaction is subject to the approval of the Danish competition authorities and is expected to be completed at the end of May 2016.