MasterGrid set for growth surge with Ardian investment
Deal News | May 22, 2025 | Andera Partners
Ardian has signed an exclusive agreement to acquire a majority stake in MasterGrid, a leading provider of maintenance services and manufacturer of equipment for critical electrical infrastructure, from Andera Partners. Headquartered in Grenoble, MasterGrid was originally a Siemens business unit before being carved out by Andera Partners in 2019. Since then, MasterGrid has diversified its offerings and expanded its international presence. The company is set to benefit from megatrends such as the sustainable energy transition and growing electricity needs. With Ardian’s investment, MasterGrid aims to leverage its technical expertise and client relationships to capitalize on anticipated investments in electricity infrastructure and accelerate its international expansion, particularly in Europe and the Middle East. The transaction remains subject to employee representative bodies and regulatory approval.
Sectors
- Energy Infrastructure
- Private Equity
Geography
- France – MasterGrid is headquartered in Grenoble, France, and the deal involves French entities.
- Europe – The growth strategy includes further expansion in Europe, where MasterGrid plans to capitalize on infrastructure investments.
- Middle East – MasterGrid aims to expand its operations into the Middle East as part of its international growth strategy.
Industry
- Energy Infrastructure – MasterGrid operates within the energy infrastructure industry, providing maintenance and manufacturing services for high-voltage electrical equipment.
- Private Equity – The transaction involves a private equity firm, Ardian, acquiring a stake in MasterGrid, highlighting the industry's role in facilitating business growth and expansion.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MasterGrid | Target Company | Company | A provider of maintenance services and manufacturer of equipment for critical electrical infrastructure. |
| Andera Partners | Selling Company | Company | The private equity firm that carved out MasterGrid from Siemens in 2019 and is now selling a majority stake to Ardian. |
| Ardian | Bidding Company | Company | A private equity firm acquiring a majority stake in MasterGrid to support its growth and expansion. |
| Siemens | Previous Owner | Company | The original parent company of MasterGrid before its carve-out by Andera Partners. |