North American-Sino Strategy

$10 MM to $30 MM

Equity Investment
(or more as part of a consortium)

Type of investment

Growth equity, buyouts, recapitalizations,
and manager-led buy-and-builds

Investment Strategy

Active role
(at board level)

In supporting Entrepreneurs / Management Teams

To grow and develop the Companies they manage

Within our core geographies

For lower middle-market transactions, focus on companies with $2 MM to $30 MM in EBITDA

Partners in charge

Ming-Po Cai

Founder and President of Cathay Capital

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David Hoffman

Senior Advisor

Based in New York City

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André Puong

Partner

Based in New York

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Mark Woods

Partner

Based in New York

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Ming-Po Cai

Founder and President of Cathay Capital

Ming-Po CAI is the Founder and President of Cathay Capital, the leading global investment firm created by Entrepreneurs for Entrepreneurs and an expert in creating value through cross-border investment across China, Europe and North America. Cathay Capital, founded by Ming-Po CAI with his business partner Edouard Moinet in 2006, is fully dedicated to helping its portfolio companies’ management teams to succeed beyond their original borders and to accelerate cross-border growth strategies. Cathay Capital’s team of nearly 80 – including 16 partners – is based in Shanghai, Beijing, Paris, Munich, New York, San Francisco, as well as in Tel Aviv, and leverages on Cathay’s unique business model and platform to connect local ecosystems on three continents.

Mr. CAI has more than 20 years of cross-border investment experience and deep expertise in developing China-entry strategies for multinational companies, and in globalization strategies for Chinese companies expanding internationally. Ming-Po Cai today sits on the Boards of several Cathay Capital’s portfolio companies.

 

Under Ming-Po CAI’s leadership, Cathay Capital has grown to more than USD 2.5 billion in assets under management and has invested in 85 companies across three continents, including tens of star companies such as Suofeiya, Zbom, Meinian Onehealth, Moncler, Poten, Aihuishou, Jingrui, and startups like PDD, Drivy, Ledger, Magmode, Shopal, Trifacta, Glovo, Owkin and Chime Bank. Cathay Capital has a range of ten funds in three series: smallcaps, midcaps and innovation fund. Cathay Capital focuses on industries including consumer goods, healthcare, advanced technologies, TMT and mobility.

Ming-Po CAI holds a Master degree in Management from EM Lyon in France and an EMBA from China Europe International Business School (CEIBS) in Shanghai, China.

 

 

David Hoffman

Senior Advisor

David G. Hoffman is a Senior Advisor of Cathay Capital and a Co-Founder of Cathay’s North American operations, based in New York City.

Prior to joining Cathay in November 2013, David was a Managing Director with Charterhouse Group, Inc. from 2002-2012 and a Consultant to the firm from 2012-2013. As Managing Director, David was the number two investment professional where he was part of the Investment Committee, led the Consumer Group’s investing activities, managed the Charterhouse Entrepreneur Program (i.e., Operating Partners Program) and oversaw and organized the firm’s Business Development activities across its three verticals – Consumer, Business Services and Healthcare Services..

Prior to returning to Charterhouse in 2002, David founded and ran his own independent sponsor firm, Hoffman & Company (1994-2002). Previously, David was at Charterhouse from 1985 – 1989 as an Associate and Vice President, was the Director of Business Development at Odyssey Partners (1989-1991) and a Principal at Charterhouse from 1991-1994.

 

André Puong

Partner

André Puong is a Partner of Cathay Capital, based in New York.

André rejoined Cathay Capital in February 2015, having previously worked at Cathay Capital in Paris between October 2008 and October 2011.

Prior to rejoining Cathay Capital, André was a New York-based Investment Director from 2011 to 2014 with Fosun International, one of the largest private-sector investment groups in China.

Before Fosun and Cathay Capital, André was a Manager of the Accor Hospitality's strategy group, and of global consulting firm Mars & Co. In his consulting role at Mars & Co., André advised European and Fortune 500 companies on both strategic and operational issues.

Previously, Andre was an enterprise software engineer at Oracle Corporation.

Born to a Chinese family and raised in France, André is a graduate of the Ecole Centrale Paris and of the Massachusetts Institute of Technology. He also holds an MBA from the Harvard Business School.

 

 

Mark Woods

Partner

Mark Woods is an Partner of Cathay Capital, based in New York.

Mark joined Cathay in November 2015, having previously worked at Chartwell Investments for seven years where he sourced, executed and monitored investments in North American lower- and middle-market companies. During his tenure at Chartwell, Mark focused on investing in family and entrepreneur-owned companies and corporate carve-outs, while also serving as a director of several portfolio companies.

Prior to Chartwell, Mark was an associate in JPMorgan’s Mergers and Acquisitions Group in New York where he executed transactions across various sectors. Prior to JPMorgan, Mark worked for a sovereign wealth fund based in the United Arab Emirates.

Mark started his career with Procter & Gamble where he spent five years in various operational finance positions.

Mark graduated from Miami University in Oxford, Ohio with a B.S. in Finance and Human Resources Management. He also holds an MBA from the Harvard Business School.

 

 

Partners in charge and their team

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