Ardian Growth has teamed up with MCH Private Equity, a Spanish mid-market private equity firm, to acquire the legaltech company, Logalty. Swen Capital Partner, a long-term investor in MCH, also participated in the transaction. Logalty is a cybersecurity company that aims to ensure the legal security of online transactions by providing digital identity and contractual flow services with distributed interposition. The company serves large corporates with legal security through electronic evidence.
Andrés Peláez, senior partner at MCH Private Equity, comments, “Logalty is the only Spanish player to have penetrated major accounts and managed to maintain long-lasting relationships. 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 be able to take the company to new levels of growth.”
Bertrand Schapiro, director in the Ardian Growth team, added, “Logalty has built an impressive tech platform able to support customers’ growing needs, while simultaneously reaching new markets. We’re delighted to leverage our pan-European footprint and our ecosystem of entrepreneurs to support the management’s ambitious growth strategy.”
Gonzalo Fernandez Albiñana, managing director at Ardian Spain, commented, “Investing alongside MCH, one of the leading Spanish mid-market funds, with whom we have a long-standing relationship, and whose approach is complementary to that of Ardian Growth, is an exciting opportunity.”