Boston-based private equity firm Abry Partners has bought a stake in Options Technology, a UK-headquartered provider of cloud-enabled managed services.
IK backed the France-based business in 2014 via its IK VII fund, which closed on €1.7bn in 2013
GP bought the fasteners and fixings manufacturer as part of a succession process for the company
Existing investors Quilvest Capital Partners and Amin Khiari retain stakes in the group
Fund completed its first deal, backing Denmark-based solar energy provider Better Energy