Ardian acquired minority stake in MKD.

Ardian, a world-leading private investment house, acquired a minority stake in MKD, a Spain-based online platform that offers maintenance supervision and repair services for the fleet management sector. Financial terms were not disclosed. MKD has cemented its status as Spain’s leading platform for fleet managers wishing to outsource maintenance and repair services. With more than €20m in sales and over 400k repairs made in Spain, MKD’s clients include top-tier companies from the car rental industry, including Europcar, Alphabet, Arval, Generali, Allianz and new players in mobility management. “In order to speed up our development and reinforce our position as a leader, we decided to enter into a new phase of our development, which include seizing external opportunities and deploying new technological services. To support our vision, Ardian Growth stood out as the partner of choice given their excellent support in our build-up strategy prior to becoming shareholder, and their strong expertise in the digital sector.” José Piñera, MKD CEO.