French private equity house MBO Partenaires has exited machinery and tool rental services group Dron Location after a five-year holding, making more than 3x money.
Fund targets later-stage venture capital investments, mainly across the DACH region
Company will use the fresh capital for the roll-out and expansion of a new networking platform
VC is joined in the round by Quadia, Localglobe, Atlantic Food Labs, Ideo and Demand Analytics
Deal marks the first acquisition for the GP's latest vehicle, Alto Capital IV