The goal is to support the international growth of the Company, leveraging Mipharm as a growth platform in the CDMO industry
Milan, 06th December 2016 - Mandarin Capital Partners II (MCP II)  has successfully acquired a majority stake in the share capital of Mipharm Spa, an Italian leading Contract Manufacturing Organization (“CMO”) engaged in the manufacturing and packaging of a wide range of Finished Dosage Formulations (“FDFs”). The Group also provides product development services and clinical studies based on customer requirements and/or in house R&D.
MCP II total initial investment amounts to € 16.4 million, with the goal to increase the total investment with acquisitions of selected targets. Cassiopea Partners (Buyer’s financial advisor), Euteam (company owned by Mr. Maurizio Silvestri - ex CEO of Euticals) and some of Mipharm’s Managers invested alongside MCP II.
Current CEO Mr. Pierangelo Costa will continue to manage the company. Mipharm has posted sales of around € 37.9 m in 2015, with approx. 45 clients (Big Pharma, Global Generic companies, other pharmaceutical companies) located in 30 countries (i.e. in 2015 Exports account for about 65% of Revenues).
The investment is aimed at supporting international growth of the Company, leveraging on MCP II’s network and business development channels in the European and Asian markets.
Cassiopea Partners and the lawyersof R&P Legal of Milan acted respectively as financial and legal advisor for MCP II; Banca Popolare di Milano (BPM) and Banca Popolare Emilia Romagna (BPER) acted as financing banks providing the acquisition and M&A lines. The seller was supported by Rothschild as financial advisor and by the lawyersof Bonelli Erede Pappalardo as legal advisor.
The due diligence process was conducted by Ernst & Young (financial and tax areas), R&P Legal (legal area), Goetz Partners (business) and Tauw (Environmental).

The goal is to support the international growth of the Group through Mandarin’s Asian and European networking channels

Milan, 10th March 2016 – Mandarin Capital Partners II (MCP II)  has acquired a minority stake in the share capital of Marval Srl, an Italian company engaged in the mechanical machining of powertrain (cylinder heads and blocks, gear parts, etc.) and chassis components (brakes, suspension parts) for mid-power utility tractors, light construction vehicles such as mini-excavators, loaders and lift trucks, commercial vehicles (light vans, box trucks, etc.), luxury sport cars.
MCP II invested a total of € 12 m with a mix of capital increase and purchase of shares from the founders, and committed to injecting additional € 6 m in case of further needs for business development.
Current owner and CEO Mr. Nicola Marchiando will continue to manage the company. Marval has posted sales of around € 50 m in 2015, of which more than half through its Chinese subsidiary, ChangSha XiMai Mechanical Construction Co.
The investment is aimed at supporting international growth of the Group, leveraging on MCP II’s network and business development channels in the European and Asian markets.
The due diligence process was conducted by Ernst & Young (financial and tax areas), R&P Legal (legal area) and Roland Berger (business).
Mandarin Capital Partners, the private equity firm that specializes in investing in, and supporting via its Milan, Frankfurt and Shanghai offices, mid-size European commercial exporters to grow globally, particularly in China, has reached the final close of its second fund, MCP II, reaching just under €200 million.
 
The fundraising has seen the re-commitment of a significant number of Italian investors, who had already participated in MCP I, including Banca Intesa Sanpaolo, as well as new commitments from well known international investors ranging from HarbourVest, Neuberger Berman, LGT, LFPE, Idinvest, HQ-Auda and the family office of Roland Berger.  In addition, Guosen Securities, the second largest Chinese brokerage firm, with nearly 12,000 employees and a strategic partner for the Intesa group, has also made a material commitment.
 
MCP II has already deployed nearly €40m in two completed deals and is in the process of completing three more, including the recently signed agreement to purchase majority control of Ladurner Ambiente via a strategic partnership with Zoomlion Heavy Industry, the Shanghai-listed, construction and environmental machinery maker.
 
MCP I (2008) has made ten investments, of which seven have been fully exited with the balance expected to be sold by early 2018.
Mandarin CP