US-based Greenbriar Equity Group has sold its majority share in Austria-based supplier of train tracking systems Frauscher Sensor Technology to trade buyer Delachaux Group.
TCA forms part of the shareholding of France-headquartered asset manager Tikehau Capital
MD Start, which is a group of three funds, was started by Sofinnova Partners in 2010
Sale ends a four-year holding period for the GP, which bought the company via its BCPE Fund II
Fund has a growth equity strategy, and enables the firm to make minority investments of $50-150m