Monday Working Spaces, a Spanish coworking operator with 12 locations across Spain, Portugal, and Andorra, has been acquired by an Andorran private equity firm in a deal valuing the company at €30 million.

The company, previously controlled by real estate firm Urbania, aims to double its footprint in the coming years while retaining CEO Xavi Bassons. The operator currently manages 31.7l sqm of space accommodating 4,300 people across its locations in Barcelona, Madrid, Malaga, Andorra, and Lisbon.