Western Europe

The partnership will aim to facilitate the next phase of Comcreta’s expansion, against a backdrop of accelerating investment in Italy’s rail infrastructure.

MCH has completed a single-asset continuation vehicle to continue backing Europastry, a premium frozen baked goods company.

Theseus Capital Partners, D3 Venture Capital, Green Flag Ventures, R-G AI and Radius Capital Ventures own combined shares worth $177m following IPO of the drone software developer.

As part of the transaction Isatis Capital is fully exiting its stake in the business.

‘The end game for us is to become a multi-specialist, rather than a pure generalist,’ Druais told PE Hub.

Existing investor Summit Partners will retain a minority stake.

The firm sees opportunities at the intersection of energy and Europe’s push for greater sovereignty, IR head Cenk Turkinan tells PEI.

'I'm sure there will be a lot of movement going forward and continuing the path which we have opened,' Ilinca Rosetti, operating partner, JC Flowers, told PE Hub.

'We’ve been investing in AI for years and our CTO at SmartComms was one of the best we had worked with. We were confident that we were on the front foot,' Maurice Hernandez, managing director, Accel-KKR, told PE Hub.