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.
As evidenced by the recent VistaJet and Pattonair deals, PE is increasingly looking at the aviation and aerospace sectors for opportunities
New managing director is joining from her previous role at Axa Investment Managers
Backers in the round include angel investors from the US, France and Finland
Content management platform will invest in product development following the deal