<article><a style="color: #000080;" href="http://www.mandarincp.com/en/" target="_blank">Mandarin Capital Partners</a>, the Europe-Asia cross-border focused private equity (PE) firm, has committed up to $19.8 million (EUR18 million) for a minority stake in Italy-based machine parts producer <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Marval">Marval</a>.</article>

<a style="color: #000080;" href="http://www.mandarincp.com/en/" target="_blank">Mandarin Capital Partners</a>, the Europe-Asia cross-border focused private equity (PE) firm, has committed up to $19.8 million (EUR18 million) for a minority stake in Italy-based machine parts producer <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Marval">Marval</a>.
The funding is meant to support Marval&#8217;s international growth by leveraging Mandarin networks in both Europe and Asia.
Based on a statement, the deal includes capital investment and purchased shares of about $13.2 million, including a pledge to inject an additional $6.6 million in case of further business development needs.
The latest investment is in line with Mandarin&#8217;s strategy to support European companies with expansion potential in China via acquisitions, strategic alliances, greenfield investments, identification of customers and selection of personnel.
In 2015, Mandarin together with its partner Zoomlion Heavy Industry Science &amp; Technology, invested $85 million to buy a 75 per cent stake in Ladurner, an Italian waste treatment and environment protection company.
Marval last year posted sales of about EUR50 million with over half coming through the company&#8217;s Chinese subsidiary ChangSha XiMai Mechanical Construction.
The Italian company is engaged in precision mechanical machining of components for tractors, light construction vehicles, light vans, box trucks and luxury sports cars. It caters Italian car manufacturer Fiat, global industrial group Atlas Copco, among others.
Mandarin closed recently its Mandarin Capital Partners II (MCP II) fund at EUR200 million, falling short of a EUR400 million revised target, which was originally set at EUR1 billion in 2012.
MCP II prefers companies in healthcare, environmental technology, oil and gas, and specialty chemicals. For minority and majority stakes, check sizes usually range around EUR30 million to EUR50 million.
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Mandarin Capital commits $19.8m to Italy's machine parts firm Marval

PE firm Mandarin Capital invests $19.8m in Italy's machine parts firm Marval for minority stake

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PE firm Mandarin Capital invests $19.8m in Italy's machine parts firm Marval for minority stake

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