Ardian invests in MKD

The GP deployed capital from its Ardian Growth Fund II, which held a final close on €230m in April, surpassing its €200m target. The fund provides equity tickets in the €5-25m range to digital businesses with a turnover of €5-100m.

Company
Founded in 2014 and based in Alcobendas, near Madrid, MKD provides maintenance and repair to fleet vehicles. The company employs 250 staff, has a network of garages across Spain, and in 2017 made 400,000 repairs and generated revenues of €20m.

MKD's client base includes car rental companies such as Europcar, Alphabet, Arval, Generali and Allianz. The company has recently further extended its offering to individuals with the launch of a new platform named Reparatuchoche.com.

People
Ardian Growth – Bertrand Schapiro (senior investment manager); Laurent Foata (head).
MKD – José Piñera (CEO, founder).

Advisers
Equity – EY (legal); Deloitte (financial due diligence, tax).
Company – Gómez-Acebo & Pombo Abogados (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Southern Europe
• Industrials
• Ardian (formerly Axa PE)
• Spain
• EY (Ernst & Young)
• Deloitte