Maj Invest Equity’s investment team consisting of 12 investment professionals is one of Denmark’s largest and most experienced teams with focus on small and medium-sized companies.
In the selection of our team members we emphasise experience, integrity and excellent cooperative skills.
We are always looking to establish partnerships with business executives who can play a significant role in taking our companies to the next level and participate actively in the ongoing development of such companies.

Jens Aaløse
Managing Partner, Managing Director
+45 33 38 73 73
jaa@majinvest.com
In November, Jens Aaløse joined as Managing Partner in Maj Invest Equity and further joined the management of Maj Invest Holding and Maj Invest Equity. Jens is former Senior Executive Vice President in TDC (2013-2021), CEO in Danske Spil (2010-2013), CEO in Nordic Media Link AB and Dansk Reklamefilm (2006-2010) as well as Vice President in SAS (1986-2006). Thus, Jens has extensive management experience and in-depth knowledge of many types of companies and sectors. In addition, he has broad investment experience through his participation in more than 20 corporate transactions.
Among other executive functions and directorships, Jens Aaløse is Chairman of the Board of Blue Ocean Robotics and Vice Chairman of the Board of Topdanmark.

Niels Toft
Partner
+45 33 38 73 68
nt@majinvest.com
Niels Toft joined Maj Invest Equity in 2005, shortly before the establishment of Maj Invest Equity. Previously, Niels worked for Bain & Company (1998–2005) with strategy development, operational improvement projects and M&A for a wide range of industrial and service businesses, as well as with commercial due diligence on investments for Nordic private equity clients. Niels holds an MSc in Economics & Business Administration from Copenhagen Business School and has participated in UCLA’s MBA programme.
Maj Invest Equity investments
Current: PcP Corporation, Aclass, Roll-o-Matic
Exited: Proløn, JKF Industri, Bramming Plast-Industri, J. Hvidtved Larsen, Novopan Træindustri, Da’core, Biblioteksmedier, SSG, Aalborg Industries, Jernstøberiet Dania, Color Print, JUN-AIR International

Mads Andersen
Partner
+45 33 38 73 69
maa@majinvest.com
Mads Andersen joined Maj Invest Equity in 2008. Prior to joining Maj Invest Equity, Mads worked with the investment company FL Group (2006–2007) and with M&A advisory services for KPMG Corporate Finance (1999–2004) and FIH (2004–2006). Mads holds an MSc in Economics & Business Administration from Copenhagen Business School.
Maj Invest Equity investments
Current: Svendsen Sport, Sovino Brands, Itadel, Icotera
Exited: Medicom Innovation Partner, Fanmilk, Reson, Tytex, Norafin, Unwire, Solum

Thomas Riis
Partner
+45 33 38 73 58
tri@majinvest.com
Thomas Riis joined Maj Invest Equity in 2008. Prior to this, Thomas worked for North Sea Capital from 2005 to 2008 with international investments in private equity funds. Previously, Thomas worked for 3i (Nordic) where he was involved in private investments in medium-sized Danish and Nordic companies (2001–2005). Thomas has also worked with M&A consulting for PricewaterhouseCoopers Corporate Finance (1998–2001) as well as Gudme Raaschou (1997–1998). Thomas holds an MSc in Economics from the University of Copenhagen.

Søren Holm Tøth
Director
+45 33 38 73 64
sht@majinvest.com
Søren Holm Tøth started at Maj Invest Equity in 2014. Before joining Maj Invest, Søren worked with M&A, integration and efficiency improvements at FLSmidth A/S (11-14). Prior to that, Søren held positions at LEO Pharma A/S (10-11) and EY Transaction Advisory Services (06-10) where he worked with transaction and business development tasks. Søren holds an MSc in Finance and Accounting from Copenhagen Business School.

Kristoffer Møller Pedersen
Director
+45 33 38 73 59
kmp@majinvest.com
Kristoffer Møller Pedersen joined Maj Invest Equity in October 2017. Kristoffer has previously worked for Nordea Investment Banking (15-17), where he was involved in a number of Nordic M&A and ECM transactions across various industries. Prior to this, Kristoffer worked for Deloitte Corporate Finance. Kristoffer holds a BSc of Engineering from the Technical University of Denmark and an MSc in Economics from the University of Southern Denmark.

Jacob Dyhr Jensen
Investment Manager
+45 33 38 73 76
jdj@majinvest.com
Jacob Dyhr Jensen has been employed at Maj Invest since May 2014, first as a junior analyst and since October 2016 as full time. Prior to this, Jacob worked at BankInvest Asset Management as a student assistant. He holds an MSc in Finance and Accounting from Copenhagen Business School, and he has worked and studied abroad at the Consulate General of Denmark in New York and Columbia University, respectively.

Joachim Gundelach
Associate
+45 33 38 73 75
jgu@majinvest.com
Joachim Gundelach joined Maj Invest in October 2021. Joachim began his career as an intern at the Nordic private equity firm FSN Capital Partners. Later, Joachim joined Deutsche Bank’s Investment Banking division in London as an associate. During his time at Deutsche Bank, Joachim focused on ECM and M&A transactions within the Industrial sectors. Joachim holds a Master of Science in Accounting and Finance from Copenhagen Business School.

Lukas Frijs-Djurhuus
Associate
+45 33 38 73 63
lfd@majinvest.com
Lukas joined Maj Invest Equity in September 2021. Upon graduation from his master’s degree in 2020, he joined McKinsey & Company as a consultant, advising clients in the consumer goods, private equity and advanced industry sectors on topics related to strategy and cost optimization. Lukas holds an MSc in Finance & Strategic Management from Copenhagen Business School and completed a semester abroad at the University of Melbourne in Australia.
Private Equity Minorities

Jannick Dam Mortensen
Partner
+45 33 38 73 71
jdm@majinvest.com
Jannick Mortensen joined Maj Invest Equity in May 2022 with primary focus on private equity minority investments and venture capital. Throughout his career he has been involved in both sell-side and buy-side positions within investment banking and asset management, first at Danske Markets and Deloitte Corporate Finance, then followed by an analyst position in a fundamental long/short equity hedge fund at Danske Capital (’16-’18). Prior to joining MaJ Invest, Jannick was employed as a co-lead portfolio manager on a fundamental equity mandate at Danica (’18-’22). Jannick holds an MSc in Finance and Accounting from Copenhagen Business School.

Robert Høgh
Associate
+45 33 38 73 65
roh@majinvest.com
Robert Høgh joined Maj Invest Equity in 2022. Previously, he worked as a strategy manager for telecom brands 3 and Oister across Scandinavia. Robert has spent years living in China and Spain, speaking both Spanish and Mandarin fluently. He has a degree in Political Science from the University of Copenhagen and an MBA from Shanghai Jiaotong University, China’s highest ranking business school.

Lisbeth Lykke Olsen
Senior Executive Assistant
+45 33 38 73 74
llo@majinvest.com
Lisbeth Lykke Olsen joined Maj Invest Equity (Fondsmæglerselskabet LD Invest A/S) in 2008. Before Maj Invest Equity, Lisbeth held a position as secretary with ABN AMRO Bank. Lisbeth has also worked as a secretary for Danica Forsikring, Finansieringsselskabet Gefion, Mercuri International as well as Manpower.

Jane Wulff Hjortkjær
Manager, Accounting
+45 33 38 73 82
jwh@majinvest.com
Jane Hjortkjær is Manager, Accounting in Maj Invest Equity and has been employed in the Maj Invest group since 2006. Jane comes from a position as accountant in Deloitte from which she has 15 years of experience with auditing, accounts and tax for medium-sized companies and groups; the last three years as department head. After Deloitte, Jane worked four years at Novozymes with business controlling within production and R&D. Jane holds an MSc (Business Administration and Auditing).

Ken B. Ernstsen
Controller
+45 33 38 73 87
kbe@majinvest.com
Ken B. Ernstsen is controller in the Maj Invest Equity department, and has been employed in the group since 2007. Prior to Ken's employment with Maj Invest he worked as an accountant at BDO for eight years and Arthur Andersen for two years, both located in Copenhagen. Ken has an MSc in Business Administration and Auditing from Aarhus School of Business (1995).

Bianca Christiansen
Controller
+45 33 38 73 92
bic@majinvest.com
Bianca Christiansen is controller with Maj Invest Equity and has been employed in the Maj Invest group since January 2016. Bianca has 10 years of experience working as an accountant for Deloitte. In this position she primarily focused on auditing and accounts for medium-sized companies and institutions. Bianca holds an MSc (Business Administration and Auditing) from Copenhagen Business School.

Henrik Frederiksen
Accountant
+45 33 38 73 48
hf@majinvest.com
Henrik Frederiksen has been employed in the Maj Invest group since 2007 and works as an accountant in Maj Invest Equity. Prior to Maj Invest, he worked for KPMG. Henrik holds a bachelor of commerce in accounting.

Mikala Johnsen
Controller
+45 33 38 73 91
Controller
In March 2022, Mikala Johnsen joined Maj Invest Equity as a controller. Mikala has 5 years of experience with auditing, accounts and tax for financial companies with focus on private equity funds. Mikala holds an MSc (Business Administration and Auditing) from Copenhagen Business School.

Marcus Vammen Kistrup
Controller
+45 33 38 73 93
mvk@majinvest.com
In June 2023, Marcus Vammen Kistrup joined Maj Invest Equity as a controller. Marcus has 2 years of experience with auditing, accounts and tax for financial companies with focus on private equity funds. Marcus holds an MSc (Business Administration and Auditing) from Copenhagen Business School.

Jens Hansen
Finance Manager
+45 33 38 73 81
jh@majinvest.com
Jens Hansen came to Maj Invest in August 2005 and is the group's Finance Manager. Prior to Jens' employment with Maj Invest, he worked for Alm. Brand Bank, Nordea and BG Bank. Jens holds an MSc in Finance from Copenhagen Business School.

Marianne Settnes
General Counsel, Managing Director, Head of Legal & Compliance
+45 33 38 73 86
ms@majinvest.com
Marianne Settnes has been General Counsel, Head of Legal & Compliance at Fondsmæglerselskabet Maj Invest A/S and Maj Invest Equity A/S since the establishment of the two companies in 2005 (and at LD from 2004). Prior to this, Marianne Settnes was employed as an attorney with the law firm Bech-Bruun (1993-2004) with focus on stock market law, M&A, capital market law and company law. Before this, she worked for the Ministry of Foreign Affairs (1992-1993). Marianne Settnes is Attorney with the right to appear before the Danish High Court and holds an MBA.

Jakob Vestergaard
Senior Legal Counsel
+45 33 38 73 54
jvj@majinvest.com
Jakob Vestergaard has been with Fondsmæglerselskabet Maj Invest A/S and Maj Invest Equity A/S since 2008. Prior to this, he worked for the law firm Bech-Bruun (2000-2008) with M&A, company law, insurance law, transport law and disputes. Jakob Vestergaard is attorney with the right to appear before the Danish High Court.

Thomas Moltke Thybo
Senior Legal Counsel
+45 33 38 73 50
tmt@majinvest.com
Thomas Moltke Thybo came to Maj Invest in the spring 2018. Prior to this, he worked for ATP (2016-2018) and Finansiel Stabilitet (2009-2016). Previously, Thomas Moltke Thybo has worked within areas such as M&A, company law, banking and financing law as well as financial regulation. Thomas Moltke Thybo holds a Master of Law from the University of Copenhagen with a stay abroad at the London School Economics. In addition, Thomas has a diploma in business administration (Finance) from CBS.

Sofie Krogh Jensen
Senior Legal Counsel
+45 33 38 73 51
skj@majinvest.com
Sofie Krogh Jensen joined Maj Invest in 2013 as a student assistant in Legal & Compliance and continued as Senior Legal Counsel. Sofie holds a Master of Laws from the University of Copenhagen from 2017 and is specialised within the areas financial regulation, capital market law and company law.

Ida Sønderby
Attorney
+45 33 38 73 52
ids@majinvest.com
Ida Sønderby came to Maj Invest in 2021. Prior to this, Ida worked for the law firm Accura (2017-2021), first as a legal trainee and later as an assistant attorney. At Accura law firm, Ida worked within areas such as M&A, corporate law and general commercial legal advice. Ida holds a Master of Laws from the University of Copenhagen with an exchange semester at the National University of Singapore.

Mette Fibæk Madsen
Secretary, Coordinator
+45 33 38 73 56
mfm@majinvest.com
Mette Fibæk Madsen came to Maj Invest in 2008 from a position as administrative coordinator with The Confederation of Danish Employers (2000-2008) where she also completed her all-round office training and education.