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.
French artificial intelligence and image analysis firm is sold to US-based Mitek Systems
Deal ends a five-year stint under Foresight ownership, which first invested in 2013
Trevi appointed a chief restructuring officer in 2017 to negotiate a debt restructuring plan
AI business will look to expand beyond marketing and into robotics, healthcare and education