Andera Partners acquired Merlin Gerin, the high voltage equipment maintenance business of Siemens, a German multinational conglomerate company. Financial terms were not disclosed. Sylvain Charignon, Associate Director of Andera: "In addition to being a perfect fit with the investment strategy of our WINCH Capital 4 fund, which aims to find primary and proprietary opportunities, this operation reinforces our expertise and our legitimacy on carve and complex spinoffs, in cooperation with large groups, which we have been practicing for over 12 years. "