Mandarin Capital looking to kickstart new fundraise in Q4

Inna Gehrt, partner and head of DACH at Mandarin, told Unquote sister publication Mergermarket that the firm would look to raise around €250-300m, with a final close targeted by the end of 2019. It is aiming to attract the same investor base as that of its previous efforts, mainly from Europe and the US.

Mandarin has raised two funds to date: MCP I – which has been completely divested – had a total capital commitment of €327.7m. It generated an 18.4% IRR and 1.93x multiple on capital, according to Gehrt.

The second fund, MCP II, closed on €195m in 2016 and has approximately €40m in dry powder left, Gehrt said. It has an expected IRR in excess of 50% and an expected multiple on capital of more than 2.5x, she added. Its investor base includes Intesa Sanpaolo, HarbourVest, Neuberger Berman, LGT, HQ Capital, Idinvest and Banca Popolare dell'Emilia, among others.

To view a full spotlight on Mandarin Capital Partners published by Unquote sister publication Mergermarket, click here

Click here for a full overview of Mandarin's funds, LPs and investments on Unquote Data

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• Topics
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• Southern Europe
• Buyout
• Mandarin Capital Management SA