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.
Selling shareholders include Atlantic Capital, HR Alpha Ventures, Heilemann Ventures and BayBG
Four private equity and infrastructure fund managers are reported to be competing for the asset
A third of the French retailer's shares are put in free float by investors and management
GP invests via holding company that acquired ERP software providers Oxaion and Cimdata