Deal focus: Mandarin, Zoomlion team up again in Italy
Having supported Zoomlion Heavy Industry Science & Technology acquisition of Italy’s CompagniaItalianaFormeAcciaio (CIFA) seven years ago, Mandarin Capital Partners (MCP) didn’t hesitate in suggesting that the Chinese construction machinery manufacturer return to the country for a second deal.
Last week, Zoomlion and MCP agreed to buy a 75% stake in Ladurner, an Italian waste treatment and environment protection firm, for EUR75 million ($85 million). The Chinese company put in EUR57 million...
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