US private equity outfit Highlander Partners has sold Polish power transformer producer ZREW Transformatory to R&S International Holding, a Swiss maker of electrical products owned by Swiss GP CGS Management.
Founders will retain a stake in the Dutch developer and operator of solar power plants
Fund will be larger than its predecessor, Avallon MBO Fund II, which closed on €109m in 2014
GP acquired the online travel agency Etraveli in 2017 and has since supported several acquisitions
Current CEO will remain at the helm of the France-based surgical robotics business