Mandarin Capital bolsters management team

The Shanghai-headquartered firm has appointed a partner in Milan and a head of Germany as it continues to deploy its €200m vehicle.

Sino-Italian private equity firm Mandarin Capital Partners has appointed Andrea Tuccio as a partner in Milan, and Inna Gehrt to head its office in Germany, according to a company statement.

As a partner based in the firm’s Milan office, Tuccio will be responsible for managing the firm’s investments in Italian mid-sized companies, with an aim to expand them internationally. He joins the firm from corporate finance advisory firm RSM Italy where he was managing partner for almost six years leading cross border transactions. Early in his career, he worked with the private equity team of Banca Profilo.

Gehrt will replace current head of Germany Markus Solibieda who left the firm to join Ludwigshafen-based venture firm BASF Venture Capital GmbH. As head of Mandarin Capital’s Germany office, Gehrt will be responsible for direct investments as well as its existing portfolio companies in the German-speaking regions of Europe.

Prior to joining the firm, she worked as an adviser to Swiss family office Jacobs Holding AG. She also previously worked for German mid-market firm Quadriga Capital, PwC in Frankfurt and Moscow, and LEK Consulting in London and Munich.

The Shanghai-headquartered Mandarin Capital invests in European export-oriented businesses with potential to expand in China.

The firm is in the process of deploying its second fund MCP II, investing around €20 million in mid-market European firms. MCP II raised €200 million against a €500 million target in January this year. Six investments have been made so far, including a hydraulic fitting company Tieffe, an adhesives and fabric company Industrie Chimiche Forestali, and a manufacturing company Mipharm Spa.

Limited partners in MCP II include Banca Intesa Sanpaolo, HarbourVest Partners, Neuberger Berman, and Guosen Securities.