Mandarin Capital Partners II, managed by Mandarin Capital Management SA and China Development Financial Co., Ltd, Private Equity Partners, the Chief Executive Officer of Industrie Chimiche Forestali and two individuals acquired Industrie Chimiche Forestali Spa on June 25, 2014. Under the terms of agreement, Mandarin Capital Partners paid €18 million for the transaction. Pursuant to the transaction, Mandarin will be a majority partner while Private Equity Partners, Guido Cami will be the minority partners. Industrie Chimiche Forestali had turnover of €60 million. Marco Franzini and Nicola Zito of Eversheds Bianchini acted as legal advisors for Mandarin Capital Management, Private Equity Partners and Guido Cami.

Mandarin Capital Partners II, managed by Mandarin Capital Management SA and China Development Financial Co., Ltd, Private Equity Partners, the Chief Executive Officer of Industrie Chimiche Forestali and two individuals completed the acquisiton of Industrie Chimiche Forestali Spa on June 25, 2014.