Mandarin Capital opens in Frankfurt, expects first close on Fund II in June
Sino-European private equity firm Mandarin Capital Partners has extended its network in German-speaking regions by opening a new office in Frankfurt. The move comes as the firm nears a first close of around EUR200 million ($263 million) on its second fund, which has a target of EUR1 billion.
Six months ago, Mandarin opened two new offices in Beijing and Munich.
Operations in Frankfurt will be led by Markus Solibieda, a private equity professional with 18 years in investing in mid-sized companies in Germany and Western Europe.
Alberto Forchielli, the private equity firm's founding partner, told AVCJ that there has been a positive response to Fund II from investors in China, Germany and Western Europe. He is targeting a second close of EUR500 million by the end of the year.
"We are looking forward to working together with export-oriented German companies, which are champions in their industry and Chinese companies seeking a wider European presence," Forchielli said.
The second fund will target companies involved in healthcare, environmental technology, oil and gas and specialty chemicals. Industrial companies focused on product safety and energy savings are also of interest. The fund will pay EUR30-50 million for minority and majority stakes.
Mandarin has completed 10 investments in Chinese and Italian companies from in its EUR328 million ($432 million) debut fund, raised in 2007.
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