Ardian backs MCH's Logalty

Swen Capital Partner, a long-term investor in MCH, also participated in the transaction.

Ardian is acquiring a minority stake in the business via Ardian Growth Fund II, which held a final close on €230m in April 2018, surpassing its €200m target. The fund provides equity tickets in the €5-25m range to digital businesses with a turnover of €5-100m.

MCH Private Equity invested in Logalty in January 2021, via its MCH Iberian Capital Fund V, which backs medium-sized companies headquartered in Spain and Portugal, generating EBITDA of €5-15m. Tresmares Capital provided a debt package to support the deal. According to press reports, the company was valued at around €70-80m.

MCH and Ardian plan to support Logalty's growth by consolidating its position in the Spanish market and accelerating its international development, especially in Portugal and Mexico.

The company also intends to develop new technological features, expand its offer in the SME market and strengthen its position with blue-chip customers.

Company
Established in 2005 and based in Alcobendas, Logalty is a provider of digital identification, electronic signature, website authentication and certified delivery services for clients operating across the banking, insurance, real estate and retail sectors.

Since its inception, the company has registered 38 million electronic signatures and 25 million certified communications in 147 countries, and has generated 58 million notarised electronic documents and evidence.

In the last two years, Logalty has recorded a 20% growth in sales year-on-year and has doubled its EBITDA, according to a statement.

People
MCH Private Equity – Andrés Peláez (senior partner).
Ardian – Bertrand Schapiro (director, Ardian Growth); Gonzalo Fernandez Albiñana, (managing director, Ardian Spain).

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• Topics
• Expansion
• Southern Europe
• Technology
• Ardian (formerly Axa PE)
• Spain
• MCH Private Equity