Ardian, through its fund aimed at growing companies, has joined forces with MCH to acquire the legaltech firm Logalty, specialized in filing evidence for online transactions. Swen Capital Partner, a long-term investor in MCH, has also participated in the operation.
Logaslty is a Spanish technology firm founded in 2005. It offers digital identity solutions, certification of digital transactions and contractual flow, providing legal security with effective electronic proof to large companies that need to comply with the highest cybersecurity and compliance standards.
With the operation, the company intends to take a strategic turn to consolidate its position in the national market and accelerate its international development, especially in Mexico and Portugal. The company intends to develop new technological blocks, expand its offer in the SME market and strengthen its positioning with key customers.
Logalty has doubled its ebitda in two years, with a 20% year-on-year increase in its sales. It has among its clients the majority of the leading financial institutions in Spain.
“Logalty is the only Spanish actor 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 sure of that we will be able to take the company to new levels of activity “, indicates Andrés Peláez, senior partner of MCH Private Equity.
“We are very excited to invest together with MCH Private Equity, one of the main Spanish funds in the mid market, with which we have maintained a relationship of trust for a long time and whose approach is very complementary to that of Ardian Growth”, points out Gonzalo Fernández Albiñana, managing director of Ardian Spain.