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cathay capital

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Testimonials

  • 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

  • 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 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, »

    Dewei Yi,
    Founder and President of Cabio

News

  • FINALCAD raises $40M to digitise the construction industry FINALCAD, a leading construction mobile platform, today announces a $40 million Series C round, led by Draper Esprit, accompanied by Cathay Innovation and with the support of Salesforce Ventures. Read more

    FINALCAD raises $40M to digitise the construction industry

    Paris, December 13th, 2018. — FINALCAD, a leading construction mobile platform, today announces a $40 million Series C round, led by Draper Esprit, accompanied by Cathay Innovation and with the support of Salesforce Ventures. The investment will enable the company to significantly accelerate operations across Europe and Asia, as demand for their mobile-first construction app increases. 

    Along with existing French investors Serena, Aster and CapHorn Invest, additional international investment funds are joining FINALCAD. Newcomer investors include leading European fund Draper Esprit, the global VC fund Cathay Innovation, and the global investment group of Salesforce, the global leader in CRM, Salesforce Ventures.

    $10 trillion is currently spent on construction globally, with that number expected to double over the next 20 years. Yet the industry suffers from chronic low productivity. According to McKinsey, while overall productivity has risen by 30% since 1995 in the UK and Germany, productivity in the construction industry has risen by only 7%. Simultaneously, the adoption of digital technology has been very low; the industry still predominantly uses manual, non-digital processes. With a rise in population, and the consequent need for more infrastructure and housing worldwide, the need to build in more efficient, cost-effective ways could not be more pressing.

    FINALCAD was founded in 2012 by Jimmy Louchart, Joffroy Louchart and David Vauthrin, to solve this exact problem. The company enables construction companies to improve their operational efficiency through a mobile digital platform. Site engineers, Foremen, Architects and Consultants can work together on their app, enabling collaboration across a wide variety of workflows both on site and at the office. Their app is not just a communication tool, but also enables users to work on drawings, BIM models, tasks, controls, safety procedures and progress monitoring. FINALCAD can then provide insights and best practices at a company level, thanks to their analytics technology.

    With this additional firepower, FINALCAD are well positioned to build on their progress in Europe and Asia, as they execute on their mission to digitise the construction industry. The new funds will enable the company to:

    • Extend their SaaS Product platform from Buildings and Infrastructure, to Energy and Operations & Maintenance.
    • Hire 100 people to better serve its global customers.
    • Invest in R&D around Construction Insight Platform, to provide predictive insights.

    The company now employs 170 people, across 12 countries and has serviced over 20,000 projects since inception. Their customers include leading construction firms such as Shimizu, Eiffage, RATP and PT PP.

    “When we raised our Series B in 2016, we intended to implement pivotal change: moving from a project-based business model to a company-wide digital transformation one. This involved covering all the main activities of our industry: buildings, infrastructure, energy, operations and maintenance. Since then, we validated this shift with some major contract wins in Europe and Asia. Now this Series C allows us to fully deploy our new strategy on a global scale. We firmly believe that this unique approach is coming to fruition, and the value we bring to our customers is the right path towards changing the way we build. We want to help our customers have a strategic advantage in their competitive landscape.” — Jimmy Louchart, Co-Founder and CEO, FINALCAD.

    FINALCAD is exactly the kind of company we invest in: a growth stage company, with a proven business model, seasoned management team, and a truly disruptive solution for a global market. We see the great opportunity ahead of us and are excited to partner with them as they build what we believe is the future of the construction industry. ” — Ben Tompkins, Managing Partner, Draper Esprit.

    We are very proud to be part of FINALCAD's investor base and to support the company on this new journey. With its mobile-first platform and a proven international DNA, FINALCAD has become a leader in the digitalization of the construction sector. We look forward to leveraging our platform to help bridge its platform across the three continents and accelerating its growth in new European and Asian markets ”, said Denis Barrier, Co-Founder and CEO of Cathay Innovation.

    “At Salesforce Ventures, we invest in companies bringing cutting-edge solutions to our customer base. After examining the construction tech industry, we decided to invest in FINALCAD because of its innovation and drive to scale globally. We are excited to be part of bringing construction tech to our customers.” — Alex Kayyal, Partner and Europe Head, Salesforce Ventures.

    About FINALCAD
    FINALCAD is the global leader in digital transformation for construction, infrastructure and energy. Its unique combination of software, change management, and data helps construction stakeholders to change the way they build. Since 2012, FINALCAD has delivered more than 20,000 projects across 35 countries, and has secured over $63 million in funding from investors including Draper Esprit, Cathay Innovation, Salesforce Ventures, Serena, Aster, and CapHorn Invest. For more information please visit www.finalcad.com

  • Cathay Capital Wins the 2018 Americas Private Equity Deal of the Year Award Read more

    Cathay Capital Wins the 2018 Americas Private Equity Deal of the Year Award

    New York, December 12, 2018 - Cathay Capital Private Equity (“Cathay”) is pleased to announce that the M&A Atlas Awards honored Cathay with the ‘2018 Americas Private Equity Deal of the Year’ in the Americas Private Equity Deal / Small-Middle Market category for Cathay’s recapitalization of Innovative Office Products (www.innovativeworkspaces.com) (“Innovative”) in January 2018. Innovative is an award-winning, North American designer and manufacturer of office and workspace ergonomic and related products including monitor arms, sit-stand workstations, multi-monitor mounts and desk stands, point-of-sale mounts and healthcare and specialty original equipment manufacturer mounting solutions. Cathay partnered with management, Norwest Mezzanine Partners (“Norwest” or “NMP”) and ORIX Mezzanine & Private Equity (“ORIX”) in its investment consortium.

    Cathay’s value creation strategy focuses on organic growth initiatives, strategic M&A and its unique cross-border strategy that provides access for its North American portfolio companies to resources and networks in China and Europe to establish sales relationships, improve operating and sourcing capabilities, and to enhance the strategic capabilities of portfolio companies in key global markets. Cathay has sponsored Innovative’s management team in executing this value creation strategy, including Innovative’s June 2018 acquisition of HAT Contract (“HAT”) (www.hatcontract.com). HAT is a San Jose, CA-based, leading North American designer, contract manufacturer and distributor of office open space products including height adjustable tables, power/data beams, drawer pedestals, dividers, work surfaces and electrical components for benching and bases. Cathay and Innovative partnered with HAT’s Founders in the transaction, who also become shareholders of Innovative. Additionally, Innovative recently opened an office in Shanghai, China, to support the large and growing ergonomic office products market in China.

    “Cathay is very proud to have led the Innovative deal, which is an example of Cathay’s pioneering investment strategy applied to an outstanding PA-based company. We are fortunate to have great partners in our equity group, lender group and management team at Innovative and at HAT,” stated Mark Woods, Partner and Head of North American Private Equity at Cathay Capital. “Innovative / HAT is an exceptional ergonomic and office products company experiencing significant growth, and Cathay is focused on being helpful in facilitating its global transformation,” said Mingpo Cai, Co-Founder and President of Cathay Capital.

    “We are delighted to honor the achievements of the M&A Atlas Award winners who exhibited great vision and excellence in executing transactions in a fiercely competitive marketplace. We wish all the winners and nominees continued success in the year ahead.” Shanta Kumari, CEO and Global Group Editor at Global M&A Network, who hosted the M&A Atlas Awards.

    Cleary Gull Inc. acted as exclusive financial advisor to IOP Holdings, LLC in the Innovative transaction, and was also recognized as ‘Outstanding U.S.A M&A Boutique Investment Bank’ by the 2018 M&A Atlas Awards. TCF Capital Funding and Webster Bank are senior lenders to Innovative.

  • Sixpoint Brewery to partner with Artisanal Brewing Ventures Read more

    Sixpoint Brewery to partner with Artisanal Brewing Ventures

    Partnership with ABV will bring new production capabilities, an innovation center and taproom to Brooklyn, accelerating Sixpoint’s ability to innovate and increasing access to their acclaimed beers.

    BROOKLYN, N.Y. – Nov. 7, 2018 – Sixpoint Brewery has signed a partnership agreement to become part of Artisanal Brewing Ventures (ABV), a unique company created to support the growth ambitions of leading regional craft breweries. Located in Brooklyn, New York, Sixpoint is an acclaimed producer of some of New York’s most recognizable craft beer brands. As part of the partnership, Sixpoint plans to open its first taproom and new production brewing facility in Brooklyn. This facility will serve as Sixpoint’s innovation brewery, headquarters, and a much-anticipated location where consumers can experience the Sixpoint brand as well as sample and celebrate Sixpoint beers. Through this partnership, Sixpoint  becomes a sister brewery to ABV’s other brands, Victory Brewing Company and Southern Tier Brewing Company.

    Mark Woods, Partner of Cathay Capital, said: “Cathay Capital is proud to be an investor in Artisanal Brewing Ventures, a top U.S. craft brewer, which just announced its acquisition of Brooklyn-based Sixpoint Brewery, an acclaimed producer of some of New York’s most recognizable craft beer brands.”

    For more information, please click: https://www.brewbound.com/news/artisanal-brewing-ventures-acquires-sixpoint-brewery

  • Luxury brand Group Shopal completes Series B+ financing round of RMB 200 million Read more

    Luxury brand Group Shopal completes Series B+ financing round of RMB 200 million

    Shopal, a platform operating international luxury brands in China, has recently completed a Series B+ financing round of RMB 200 million led by fashion leader Youngor Group, with additional funds from Cathay Capital - which also invested in Shopal in October 2016. The Series B+ financing will support the continued rapid growth and technology development that has enabled Shopal to deliver profit margins and cash flow cycles much higher than the industry average. The company will also increase the number of international brands in the group, launch new internally developed brands and building upon the offline and online success of Bonnie & Clyde stores.

    Previous investors of Shopal include Lianjie Capital, Dianliang Capital as well as SOSV and its Chinaccelerator. By combining Chinese, French and American capital and online, offline resources, Shopal is drawing on resources from across the globe as it executes on its vision of creating an international new luxury brand group. 

    Shopal has pioneered the concept of “new luxury” combining a matrix of international luxury beauty, maternity and child brands and a data-driven, online and offline platform operation model bringing innovation to retail. In just 21 months, Shopal has established China’s first full-chain international new luxury brand group.

    Shopal has also built a world-class brand management team and is bringing to bear its deep operational experience to innovate across brand positioning, sales and channel management. Through licencing, joint ventures and acquisitions, Shopal will introduce European international luxury brands into China. At present, Shopal has four new luxury brands that are wholly-owned or joint ventures. 

    Shopal’s “black pearl operation closed-loop system” is an omni-channel retail platform consisting of its own online and offline ecosystem and careful selection of new luxury and all generation brands.

    Driven by proprietary first party data and evaluation by its data science team, Shopal is selecting new luxury brands with fast growth and within the RMB 300+, 500+ and 800+ price range. Brands such as Natura Bisse and Chantecaille, managed by Shopal, are now viral sensations in China and positioned to be world leaders in the luxury skincare category. Finally, Shopal has managed the Aveeno brand since 2017 focusing on the maternity and infant care channel and today achieved “super brand” status in China.

    The company has an in-house technical data team and has independently developed its own OMS, WMS, ERP, data mining and business intelligence capabilities. Shopal developed its own B2C+B2B distribution methodology with a special focus on social commerce. Shopal has its own network of 10+ warehouses and 20+ shipping and logistics hubs around the world enabling nimble operations, profit optimization, and industry leading margins and inventory turns.

    Shopal has launched its own luxury retail chain stores under the brand Bonnie & Clyde from zero to scale via strong online and offline retail presence and technology platform. Shopal has created a seamless offering for Bonnie & Clyde with cross border supply chain, offline and online stores and its retail platform leveraging business intelligence, an online Wechat mini program, in-store display, in-store sales staff and flexible distribution.

  • Autonomous driving company Momenta completes a new round of financing and reaches the Unicorn status The autonomous driving company Momenta announced on October 18th that it has completed a new round of financing. Read more

    Autonomous driving company Momenta completes a new round of financing and reaches the Unicorn status

    The autonomous driving company Momenta announced on October 18th that it has completed a new round of financing. The current round mainly comes from leading strategic investors, including Tencent, China Merchants Capital, Guoxin Investment, Oriza Holdings and CCB International. Historic investors such as Good Capital Group or NioCapital also contributed to this round.

    Momenta has completed more than $200 million in financing so far and its valuation is more than $1 billion, making it the most valued startup and first unicorn in the Chinese autonomous driving landscape. Cathay Innovation is an early backer of Momenta and has led the B2 round.

    Momenta CEO Xudong CAO said: “Momenta was founded in September 2016 and we are committed to ‘build the brain for autonomous driving’. This new round of financing is a very important strategic step for the company”.

    Denis Barrier, co-founder and CEO of Cathay Innovation said: “We are living an industrial revolution in the car industry, transport and mobility, through which new players are emerging. Along with this new round Momenta has recently achieved significant milestones on the technical side and has started enjoying significant traction with leading customers. And we are proud to count a new unicorn among our portfolio companies”.

    In the past two years, the company has completed three phases of development. The first phase is the construction of the underlying infrastructure platform. The second phase is to establish environmental awareness, high-precision maps and a series of software algorithms such as driving decision planning based on the underlying platform. The third phase is the formation of autonomous driving solutions in different scenarios and levels, including in parking, highways and urban loops.

    Momenta also signed a strategic cooperation agreement with Suzhou government in April this year. The company will establish a large-scale test fleet in Suzhou to promote full L4 autonomous driving and contribute to the smart city construction in Suzhou. Based on its proprietary technologies and solutions, Momenta is today working the world’s renowned automakers and tier one companies and has already started developing its business overseas.

    Since its creation, Momenta has hired some of the world’s top experts in computer vision and deep learning, including one of the authors of Faster R-CNN and ResNet, the most influential framework in image recognition, as well as winners of ImageNet 2015, ImageNet2017 and MS COCO Challenge 2015. The team has also experienced rapid growth in the past two years, with developers currently accounting for more than 80% of a global team of more of 700.

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