Mandarin Capital partner Markus Solibieda has left the Sino-Italian GP to join BASF Venture Capital, the BASF Group's investment arm, as a managing director.
Standout Capital holds 55% of the shares, while former owners retain a 45% stake in the company
Deal marks a partial sale for the US-based private equity house after a three-year holding period
Postgraduate student loans company also secured a $200m debt facility as part of the deal
Fundraising figures from unquote" data point towards a record year for UK-based managers, following the post-crisis peak reached in 2016