Ardian to acquire a majority stake in MasterGrid from Andera.

Ardian, a private equity investment firm, agreed to acquire a majority stake in MasterGrid, an electrical infrastructure equipment manufacturer and a provider of maintenance services, from Andera Partners, an investment company. Financial terms were not disclosed. “We are delighted to welcome Ardian as a majority shareholder to support us in the next stages of our development, both in France and internationally. Through our maintenance and retrofitting activities, we contribute to the growing need for the modernization and expansion of electrical infrastructure, as well as the transition to a decarbonized energy mix. The support of Ardian’s Expansion Team will enable us to accelerate our growth, broaden our geographic footprint, and strengthen our leadership in delivering innovative and sustainable solutions to our clients,” Ludovic Vallon, MasterGrid Founder and CEO.