The story
Beginning
MLP was founded on 1 January 1971 in Heidelberg by the insurance broker Eicke Marschollek and the law graduate Manfred Lautenschläger. The business idea was from the outset to specialize on young graduates, especially on students of law. This specialization charged a market gap and they rapidly enlarged the target group on other graduates like budding medical practitioners.
Way to the flotation
In 1972, MLP transformed from a GbR to a KG. In 1974, this success allowed, apart from the transformation into a GmbH, the opening of agencies in Wiesbaden, Bonn and Düsseldorf.
After adding engineers and economists to their target group, the first step for the flotation on 15 June 1988 was taken in 1984, by transforming MLP into an AG. From this moment onwards, MLP grew quickly and in 1997, MLP became represented in the MDAX. The corporate headquarters moved from Heidelberg to Wiesloch in 2001 and on 30 July 2001 MLP became part of the DAX as one of the 30 biggest publicly traded companies in Germany and stayed there until 2003.
International activities
MLP's international activities started in Austria in 1995. Dedications of agencies in Switzerland in 1998 and in the Netherlands in 2000 followed. MLP expanded to Great Britain a year later and to Spain in 2002. But in the course of consolidation in 2003, MLP once again began concentrating its activities on Germany and closed its agencies in Spain and Great Britain in 2007. The closing of agencies in Austria and in the Netherlands followed in 2008.
From Wikipedia’s article on MLP SE, shared under CC BY-SA 4.0.5