Madrid, April 19th, 2021 – Ardian Growth has joined forces with MCH Private Equity, a leading Spanish mid-market private equity firm, to acquire the legaltech company Logalty.
Founded in 2005, Logalty is responsible for ensuring the legal security of online transactions with proof by interposition. It offers digital identity, digital transaction certification and contractual flow solutions, bringing legal security with effective electronic proof to large companies that need to meet the highest cybersecurity and compliance standards.
With a 20% year-on-year increase in sales, Logalty has doubled its EBITDA in the last 2 years and counts among its clients most of the leading financial institutions in Spain.
With the entry of MCH Private Equity as leader of the operation and Ardian Growth, in 2021 the group is adopting a strategic shift to consolidate its position in the domestic market and accelerate its international development, especially in Mexico and Portugal. The company intends to develop new technology blocks, expand its offering in the SME market and strengthen its positioning with key customers. In 2020, Logalty maintained its commitment to profitable growth, successfully tackling an increasing number of secure data exchanges.
MCH PE and Ardian Growth have had a close relationship for several years, during which a strong complementarity between the two has been demonstrated. Logalty will be able to benefit from MCH PE’s know-how in the Spanish market, acquired after more than 20 years of experience transforming leading companies in their respective business niches, and Ardian Growth’s digital expertise, specialized in bringing international scale to companies with profitable growth DNA.
Andrés Peláez, Senior Partner at MCH Private Equity, comments: “Logalty is the only Spanish player that has penetrated large accounts and has managed to maintain a lasting relationship. It is a very attractive company with great potential in a market that is in the process of consolidation. Together with Ardian Growth, we are confident that we will succeed in taking the company to new levels of activity.”
Bertrand Schapiro, Director of the Ardian Growth team, added: “Logalty has built an elastic technology platform capable of supporting growing customer needs while addressing new markets. We are delighted to leverage our pan-European footprint and entrepreneurial ecosystem to support management’s ambitious growth strategy.”
Gonzalo Fernández Albinana, Managing Director of Ardian Spain completes: “We are very excited to invest alongside MCH Private Equity, one of Spain’s leading mid-market funds, with whom we have a long-standing relationship of trust and whose approach is very complementary to Ardian Growth’s.”
ABOUT LOGALTY
Incorporated in 2005 as the first Spanish Legaltech, Logalty acts as a provider of services for generating proof by interposition in online transactions, ensuring that transactions are secure, unalterable and with full probative value. Since its foundation, the Company has registered +38 million electronic signatures and +25 million certified communications in +147 countries, and has generated +58 million notarized electronic documents and evidence.
ABOUT MCH PRIVATE EQUITY
MCH is a Spanish private equity firm founded in 1998 that manages more than 1.2 billion euros through different funds, being one of the leading firms in the Spanish mid-market and one of the five largest independent private equity groups in Spain.
MCH is currently investing in its fifth fund with a target size of 400 million euros. The funds focus their activity on acquiring significant stakes in companies of relevant size in the Iberian Peninsula, pioneers in their corresponding markets and managed by strong professional teams, with the aim of boosting their growth and internationalization.
ABOUT ARDIAN
Ardian is a leading global private investment firm, with $110 billion in assets under management or advisory in Europe, the Americas and Asia. The firm is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to results shared by all stakeholders, Ardian’s activities drive individual, business and economic growth around the world.
Holding firm to its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 700 employees working from fifteen offices in Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of more than 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
