The independent private equity company Mandarin Capital Partners bought 70 per cent of the Croci Group. This deal shall push the company’s expansion in international markets.
According to reports, Dario Croci will both keep a minority holding and remain in charge as managing director. 35 per cent of this year’s sales amounting to 50 mio euros were international.
Mandarin Capital Partners was founded in 2007. The company was the first European fund that focussed on international development strategies in China and the Far East. The business gets assistance by a wide choice investment team located in Luxembourg, Milan and Shanghai.