Cathay Capital wins €150m Franco-Chinese mandate

The capital was committed through the group's respective subsidiaries CDC Entreprises and CDB Capital.

The FCPR vehicle will invest equal amounts in French and Chinese SMEs with a turnover in the €10-200m range. The capital and Cathay's input will aim to help French businesses develop in the Chinese market and vice versa.

Cathay won the mandate based on its existing ties with CDC Entreprises, as well as its profile and investment strategy. The GP has teams in both France and China and has been pursuing a strategy similar to the new vehicle's – investing in both countries to foster synergies – since inception in 2007.

Cathay's current fund, Cathay Capital 2, reached a €124m first close in 2011 and is aiming to close on €200m in the coming months – it is currently invested at 35%. The GP notably invested alongside CDC Entreprises, Merieux Developpement and Auriga Partners to support the €30m buyout of French ultra-fast laser developer Amplitude in February this year.

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• France
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• Cathay Capital
• France