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).