Italian state-backed investor Fondo Italiano d'Investimento (FII) has announced it will launch two new funds-of-funds, Private Equity II (FoF PE II) with a €600m target, and Venture Capital III (FoF VC III) with a €200m target.
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
Company's founders and CEO Klaus Schmidt have retained a significant minority stake