NB Aurora has acquired a 49.9% stake in Italy-based Dierre Group, which manufactures automation machinery components, from private equity firm Gradiente and the company's founder and chair, Giuseppe Rubbiani.
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