Mandarin secures second ceramics investment with Elios

The GP deployed capital from its second fund, acquiring a controlling stake in the business from the founding Levoni family.

The deal follows the recent acquisition of Italian luxury ceramics manufacturer La Fabbrica in March 2017. As was the case in that deal, the GP purchased its stake in Elios via its holding company Italcer.

Following the buyout, the company aims to expand internationally across the US and the Chinese market, unquote" understands.

The GP's 2013-vintage vehicle, MCP II, held a final close on €200m in January 2016, short of the €500m target set in March 2013 and more than two years after a €110.5m first close in September 2013, according to unquote" data.

Company
Founded in 1968 and based in Modena, Elios Ceramica produces ceramic tiles for walls and floors.

People
Mandarin Captial Partners – Lorenzo Stanca (managing partner).

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• Topics
• Expansion
• Consumer
• Southern Europe
• Italy
• Mandarin Capital Management SA