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Testimonials

  • cathay capital innovation« Our open innovation partnership with Cathay Innovation is like a passport to China. It allows us to benefit from their strong local deal flow and to possibly co-invest. The fund is a unique platform for introductions to the best innovative companies and gives us the capacity to do real business development with them. »

    François-Xavier Meyer,
    Vice-president of SEB Alliance

  • cathay capital innovation« A good investor is not only a lubricant and a catalyst for portfolio companies’ activities, but also a close and trustworthy partner on the road to success. Cathay Capital is such an investor! »

    Tingjun YOU,
    Founder and CEO of LUMI

  • cathay capital innovation« We are delighted to have Cathay Capital as partner supporting our global growth. Our strategic visions are perfectly aligned and we are excited to achieve dynamic growth on multiple continents as we develop innovative ergonomic and mounting solutions to satisfy expanding demand for products that improve health, wellness and productivity.  »

    David Fox ,
    CEO of Innovative Office Products

  • cathay capital innovation« The strategic positioning of Cabio is to become an invisible champion of the niche market for high-end food ingredients based on highly effective biological technology. Cathay Capital has extensive resources and practical experience in the cross-border investment field and food industry, which will provide a strong support for Cabio`s development, especially in helping the company’s development on international market. We are confident that together with Cathay Capital, Cabio will be developed into a world-class provider for premium nutrition and food ingredient solutions. »

    Dewei Yi,
    Founder and President of Cabio

  • cathay capital innovation« By acting as a trusted shareholder, Cathay Capital has helped to strengthen mutual understanding and to secure our relationships with French partners. Thanks to Cathay Capital’s valuable role, Suofeiya today represents a real success story, which has successfully completed its IPO and continues to push forward its development with dynamism. »

    Ke Jiansheng,
    Suofeiya

  • cathay capital innovation« The close involvement of the Cathay Capital team with our activities allowed us to pursue our growth at a sustained level and to reach a higher level in terms of our international development, particularly in Asia. »

    Alexandre Crazover,
    Datawords

News

  • Cathay's Portfolio - European Unicorn! Abu Dhabi leads $167 million investment in Spanish delivery app Glovo Read more

    Cathay's Portfolio - European Unicorn! Abu Dhabi leads $167 million investment in Spanish delivery app Glovo

    Article Source: CNBC: https://www.cnbc.com/amp/2019/12/19/glovo-abu-dhabi-leads-167-million-investment-in-spanish-delivery-app.html

    KEY POINTS
    • Spain's Glovo says it has raised 150 million euros in a funding round led by Abu Dhabi sovereign wealth fund Mubadala.
    • Glovo's app is mostly known for food delivery, but it also offers other categories ranging from groceries to pharmaceuticals.
    • The extra cash will be used to help Glovo hire 300 new engineers and developers by mid-2020 and to expand into new territories.

    Spanish food delivery app Glovo has raised 150 million euros ($167 million) in a fresh round of funding to ramp up hiring and expand internationally.

    The financing effort was led by Mubadala, the sovereign wealth fund of Abu Dhabi, and was also backed by existing investors including Germany's Delivery Hero, Swiss investment company Drake Enterprises and European venture capital firm Lakestar, which was an early investor in Spotify.

    It lifts four-year-old Glovo's valuation across the $1 billion mark, bringing it into the ranks of Europe's growing club of unicorn companies. The firm is now Spain's second start-up to achieve unicorn status, according to CB Insights, the first being ride-hailing service Cabify. It speaks to the level of interest from foreign investors in Europe's tech industry, which according to Atomico, had lured in over $34 billion in venture capital as of November this year.

    The extra cash will be used to help Glovo grow its workforce, said co-founder and CEO Oscar Pierre, with plans to hire 300 new engineers and developers by mid-2020. The Barcelona-based firm also wants to use the additional capital to expand into new territories after entering Poland through the acquisition of local operator Pizza Portal. Glovo said that 40 engineers and 50 tech and product experts would be posted at its new Warsaw office.

    Glovo's platform is mostly known for its takeout and delivery service, but the firm also offers a range of other products that are delivered by its 50,000 couriers "on-demand" — typically in under 30 minutes. Food delivery has become a particularly crowded market, with a range of players looking to compete from DoorDash, Postmates and Uber Eats in the U.S. to Deliveroo and Just Eat in the U.K.

    Click for the entire article: https://www.cnbc.com/amp/2019/12/19/glovo-abu-dhabi-leads-167-million-investment-in-spanish-delivery-app.html

  • Cathay Capital accompanies Smart AdServer’s build-up with LiquidM Read more

    Cathay Capital accompanies Smart AdServer’s build-up with LiquidM

    Paris, December 19, 2019

    Smart AdServer, the leading ad monetization platform and member of the Cathay capital portfolio, today announces its acquisition of the Berlin-based Demand Side Platform (DSP) LiquidM, from the Bertelsmann media group. This new partnership will enable the integration of Smart AdServer’s state of the art supply-side platform with LiquidM’s demand-side, and the development of a full-fledge offering in deal management, audience discovery, and data activation & control across all major supply sources, in a market where demand-and supply-side convergence is becoming more and more critical. Smart and LiquidM are planning to establish consumer privacy as the cornerstone of the new platform.

    “Our industry currently faces a crisis of value erosion that puts increasing pressure on the entire programmatic ecosystem. Buyers seek transparency, accountability and more value from their media investments while publishers yearn to better monetize their core assets, including audience and 1st party data, and embracing these changes and meeting these expectations has been at the forefront of Smart’s strategy.” says Arnaud Créput, CEO of Smart AdServer.  “LiquidM’s proven record in innovation will boost Smart’s commitment to creating Value Path Optimization emphasizing full transactional transparency. This will enable conflict-free, premium value and low-fee buying so both advertisers and publishers can flourish in a shared-interest approach.”

    “We are very pleased to join Smart,” said Philipp Simon and Thomas Hille, Managing Directors of LiquidM.  “They are an ideal partner to grow our business given their premium publisher clients and their strong global footprint. We look forward to enlisting in Smart’s mission to bring even greater value to both advertisers and publishers.” “We are proud to have supported Smart in this build-up, and we believe this acquisition, together with the excellent development of the US geography over 2019, are a great example of the excellent dynamics at the company under the reins of the new CEO, and marks the emergence of Smart as a truly international platform.” concluded Fabien Wesse, Partner at Cathay Capital.

    About Smart

    Smart is the leading independent ad monetization platform built for premium publishers to serve demanding buyers. Our fully transparent platform and shared-interest business approach enables premium publishers and brands to get their fair share of ad value at every opportunity, on their terms. Publishers can act with certainty and control all the variables for the right blend of transaction models, channels and formats while activating the right audience data for value path optimization. Smart works directly with more than 1,000 publishers worldwide including Financial Times, Groupe Marie Claire, TracFone, Le Figaro, Leboncoin, Altice Media Publicité, and IMGUR to deliver display, video, native, and rich-media ads to over 50,000 sites and apps. Smart is ranked on the Deloitte Technology Fast 500 EMEA. Smart operates 12 offices worldwide and leads the charge in building a transparent ecosystem based on quality. Smart is a “GDPR ready” company as certified by independent data protection specialist, ePrivacy GmbH.

    About LiquidM

    LiquidM is a globally operating self-service Demand Side Platform (DSP) which
    empowers agencies, advertisers, and trading desks to achieve their marketing objectives using the power and efficiency of programmatic advertising. The full-stack Demand Side Platform is packed with comprehensive campaign management features and sports a clean-cut intuitive UI that takes campaign management on a whole new level and makes it easy to set, scale and optimize, and edit advertising campaigns. Founded in Berlin in 2013, LiquidM is one of the first DSPs on the market with extensive expertise in mobile advertising (a more technically complex environment than desktop).

    About Cathay Capital

    Cathay Capital Private Equity is a leading international private equity firm focused on cross-border investment and committed to supporting the international expansion of middle-market companies in North America, China and Europe. The firm’s team of over 90 professionals is based in New York, Shanghai, Beijing, Paris, Munich, San Francisco and Tel Aviv and leverages its unique business model and platform to create value for companies across three continents. With $3.1 billion in assets under management, Cathay Capital Private Equity has completed more than 100 buyouts and growth capital investments across three continents since its inception in 2007. Cathay Capital Private Equity invests in and assists middle-market companies in the consumer goods and services, healthcare, business services and technology industries. Please visit www.cathay.fr for more information.

    Press contacts

    For Smart AdServer                                                     

    Marieke Buis

    Global PR Manager

    Tel: +33 6 99 22 70 07

    Email: mbuis@smartadserver.com

    For Cathay Capital    

    Yoann Besse - Citigate Dewe Rogerson                    

    Yoann.besse@citigatedewerogerson.com          

    +33 6 63 03 84 91           

  • Finance Active strengthens its international growth with a major acquisition in Germany Read more

    Finance Active strengthens its international growth with a major acquisition in Germany

    Finance Active, the European leader in SaaS solutions for debt management and financial risk management for multinationals, local authorities and financial institutions, has taken a majority stake in the German company Verifino, together with Lucht Probst Associates Gmbh (« LPA »), a German IT company specialized in software for financial markets.

    The new Verifino company aggregates all the respective activities of Finance Active and LPA in debt management for the German and Austrian markets. Verifino will benefit from Finance Active’s experience in the management of financial products dedicated to the German public sector, and from LPA’s software expertise in debt management for banks and public institutions.

    Following this operation, Finance Active will own 70% of Verifino. Technical and commercial teams, mainly from LPA, will still be based in Frankfurt-am-Main.

    With this operation, Finance Active pursues its development in partnership with European financial institutions, and with a particularly strong presence in Scandinavia and Germany. It also consolidates its position as European leader in the field of cloud-based debt management solutions for public bodies, opening the way for new sources of analysis and data management.

    Finance Active’s equity stake in Verifino is a new step in its international development, which has become a strategic focus of Finance Active since Cathay Capital acquired a stake in the company in March 2019. With its experience in external growth strategies and operational assistance to management teams, Cathay Capital has actively contributed to the successful completion of Finance Active’s first European acquisition in Germany, in which Cathay Capital established its German office in Munich in 2015.

    Jacques Descourtieux and Patrice Chatard, Co-CEOs of Finance Active: ‘’We are delighted to partner with LPA for the development of Verifino. This is a great strategic opportunity to expand our European presence and to strengthen our relationships with financial institutions. Finance Active and LPA teams will be able to combine their assets and offer our customers more performant solutions and data management.’’

    Edouard Moinet, Co-Founder and Managing Partner of Cathay Capital: ‘’We are happy to support Finance Active in this first build-up, which is also the first carried out by Cathay Capital in Germany for one of its participations. 9 months after the closing of our investment, this acquisition is a key milestone in the development plan we have defined with the management team to enable Finance Active to become a world leader in digital solutions for debt management.’’

     

    About Finance Active

    Finance Active designs SaaS solutions to improve performance in debt management and financial risk management: foreign exchange, investment, prospective and guarantees. Continuously connected to the financial markets, our solutions enable the monitoring and valuation of positions, and simplify the management of operations considered as complex. We provide exceptional information and a high level of support to financial teams. Our ambition is to increase their operating margin, maximize financial performance and streamline decision-making. Finance Active paves the way for digital transformation in financial departments of companies, local authorities and financial institutions with more than 13,000 users across 5 continents. For more information: www.financeactive.com

    About Lucht Probst Associates (LPA)

    Lucht Probst Associates (LPA) is the European market leader in the field of capital market technologies (CapTech). Its core business is the CapTech Suite, a range of software solutions for automated consulting, sales and documentation. LPA also offers strategic consulting, management and implementation services. Following increased expansion in recent weeks and months, almost 400 technology and capital market experts are currently working at ten international locations in Europe, Asia, North America and the Middle East for an international client portfolio. For more information: www.en.l-p-a.com  

    About Cathay Capital

    Cathay Capital Private Equity is a leading international private equity firm focused on cross-border investment and committed to supporting the international expansion of middle-market companies in North America, China and Europe. The firm’s team of over 90 professionals is based in New York, Shanghai, Beijing, Paris, Munich, San Francisco and Tel Aviv and leverages its unique business model and platform to create value for companies across three continents. With $3.1 billion in assets under management, Cathay Capital Private Equity has completed more than 100 buyouts and growth capital investments across three continents since its inception in 2007. Cathay Capital Private Equity invests in and assists middle-market companies in the consumer goods and services, healthcare, business services and technology industries. For more information: www.cathay.fr   

    Press contacts

    For Finance Active                                                          For Cathay Capital          

    Julie Rambaud                                                  Yoann Besse - Citigate Dewe Rogerson 

    jrambaud@financeactive.com                      Yoann.besse@citigatedewerogerson.com    

    +33 7 61 86 89 11                                                           +33 6 63 03 84 91           

  • Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks Read more

    Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks

    Resource: CNBC: https://www.cnbc.com/2019/12/05/chime-quadruples-valuation-to-5point8-billion-as-it-raises-500-million.html

    • Chime, valued at $1.5 billion in March, is now pegged at $5.8 billion just nine months later, according to people with knowledge of the matter.
    • The leading U.S. digital bank raised a record $500 million in a Series E, showing that massive funding rounds are still available for some start-ups.
    • Chime will use the money to build on its torrid growth, including doubling the company’s headcount by 2020 and potentially acquiring competitors, the people said.

    Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation. That is a remarkable increase from its last round nine months ago, when it raised $200 million at a $1.5 billion valuation.

    The move shows that for select start-ups, massive amounts of cash are still readily available, even after investors have grown skittish after UberandWeWorkexposed excesses in private funding markets. The $500 million it raised, led by DST Global, is the biggest single equity investment for a so-called challenger bank, eclipsing the $400 million garnered by Brazilian firm NuBank, according to CB Insights.
    Chime CEO Chris Britt plans on using the funds to develop new products and double his employee count by the end of 2020, including a new Chicago office, according to one of the people, who declined to be identified speaking about the bank’s strategy. It will also weigh acquisitions of other fintech firms, this person said.
    The San Francisco-based start-up is gearing up for growth just as competition is set to intensify. Apart from other U.S. challenger banks like Varo and Current, seemingly every consumer fintech firm has added a bank account in the past year. On top of that, tech giants including Google and Uber have indicated plans to join the fray, and successful overseas digital banks like Monzo and N26 are coming to the U.S. as well.

    But Chime appears to have struck on a winning formula: It targets the disaffected customers of traditional banks with no-fee accounts, free overdrafts and early direct deposits on paychecks. That’s led to torrid growth, going from 1 million accounts last year to about 6.5 million this month.

    Still, in the wake of the WeWork debacle, there is greater skepticism of money-burning start-ups with stratospheric valuations, and Chime will have to prove that it can maintain growth with an eye towards profitability. In recent months, funding rounds in Silicon Valley are taking longer to close, and in the case of digital bank Aspiration have stalled, as CNBC reported last month.

    To read the entire article, please go to: https://www.cnbc.com/2019/12/05/chime-quadruples-valuation-to-5point8-billion-as-it-raises-500-million.html

  • L'Oréal invests in global venture capital fund Cathay Innovation to develop beauty tech startups in China Read more

    L'Oréal invests in global venture capital fund Cathay Innovation to develop beauty tech startups in China

     L'Oréal announced today a strategic investment in Cathay Innovation, a global venture capital fund founded to support entrepreneurs engaged in the sustainable transformation of the world through technology. With this transaction, L'Oréal strengthens its connection to the beauty tech startup ecosystem, particularly in China, the group's second largest market and a pioneer in digital innovation. 

    L'Oréal will accompany innovative Chinese beauty tech startups during their growth phase. Entrepreneurs will benefit from L'Oréal and its brands’ expertise to test their innovations and accelerate their development.

    This participation was done through L’Oréal’s corporate venture capital fund BOLD Business Opportunities for L’Oréal Development, launched in December 2018.

    Fabrice Megarbane, President of L'Oréal China, said: "We are delighted to enter this strategic partnership with Cathay Innovation. It will enable us to connect to the dynamic ecosystem of disruptive beauty tech startups in China, a driving force in advanced technology and innovation. Our objective is to help young entrepreneurs by sharing L’Oréal’s expertise and experience in order to co-create the products and services of tomorrow.”

    Mingpo Cai, Founder and President of Cathay Capital, said: "We are thrilled to welcome L'Oréal as an investor in our ecosystem and believe that we will develop together a partnership of exceptional quality. China is a breeding ground for innovation in the new uses of disruptive technology, and in particular in the world of beauty. We will work to identify new emerging trends and collaborate with the most promising startups. Together with L'Oréal teams and visionary Chinese entrepreneurs, we will develop new innovations for consumers in China and the world at large.”

    Launched by Cathay Capital, Cathay Innovation funds early growth startups committed to the sustainable transformation of the world through innovation and technology in sectors ranging from e-commerce and consumer-centric digital platforms to fintech, health, new mobility and all segments of the artificial intelligence space.

    BOLD Business Opportunities for L'Oréal Development is a corporate venture capital fund aiming to take minority stakes in innovative companies and brands with high growth potential. The fund invests in new business models in marketing, R&I, digital, retail, communication, supply chain and packaging and provides startups with L'Oréal's expertise, networking and mentorship.

    About L’Oréal

    L’Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 36 diverse and complementary brands, the Group generated sales amounting to 26.9 billion euros in 2018 and employs 86,000 people worldwide. As the world’s leading beauty company, L’Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce.

    Research and innovation, and a dedicated research team of 3,993 people, are at the core of L’Oréal’s strategy, working to meet beauty aspirations all over the world. L’Oréal’s sustainability commitment for 2020 “Sharing Beauty With All” sets out ambitious sustainable development objectives across the Group’s value chain.

    For more information: http://mediaroom.loreal.com/en/

    About Cathay Innovation

    Cathay Innovation is a global venture capital partnership, created in affiliation with Cathay Capital. It was founded around the shared conviction that supporting innovation entrepreneurs by providing them with a platform bridging 3 continents – North America, Europe and China – constitutes a particularly powerful value-creation strategy. As a multi-stage fund, Cathay Innovation partners with visionary entrepreneurs, committed to the sustainable transformation of the world through innovation and technology. Such transformation is accelerated by leveraging Cathay Capital extensive network with corporates and solid experience in operational excellence. Cathay Innovation has offices in San Francisco, Paris, Beijing and Shanghai.

    To learn more, please visit www.cathayinnovation.com or follow us on Twitter @Cathayinnov.

    “This news release does not constitute an offer to sell, or a solicitation of an offer to buy L'Oréal shares. If you wish to obtain more comprehensive information about L'Oréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers, also available in English on our Internet site www.loreal-finance.com.

    This news release may contain some forward-looking statements. Although the Company considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements.”

    L’Oréal Contacts
    Individual shareholders and market authorities
    Jean Régis CAROF - Tel. : + 33 (0) 147 56 83 02 - jean-regis.carof@loreal.com
    Financial analysts and institutional investors
    Françoise LAUVIN - Tel.: +33 (0) 147 56 86 82 - francoise.lauvin@loreal.com
    Media: Polina HUARD - Tel.: +33 (0) 147 56 87 88 - polina.huard@loreal.com
    Cathay Innovation Contact
    Media: Yoann BESSE - Tel.: +33 (0) 6 63 03 84 91 - yoann.besse@citigatedewerogerson.com

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