Andera Partners has sold its stake in France-based cleaning services provider Europ Net to the management team, which now owns the business wholly.
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