Markus Solibieda, formerly a partner at private equity firm Mandarin Capital Partners, has been appointed managing director at BASF Venture Capital, chemical company BASF’s investment subsidiary, Finance Magazin reported yesterday.
Solibieda begins his new job at BASF Venture Capital today and will work out of the unit’s office in Ludwigshafen alongside Dirk Nachtigal, chief executive of BASF Venture Capital since 2001, and the unit’s investment team.
Mandarin Capital hired Solibieda in April 2013 and he headed the firm’s Frankfurt office. Mandarin focuses on growth-stage businesses in Europe that are planning to expand into China, and in December 2015 it closed its second fund at approximately €200m ($220m).
Solibieda was responsible for the firm’s fundraising activities from European and US investors. He began his career as an investment manager at private equity firm Deutsche Beteilungs in 1995.
– Image courtesy of LinkedIn