Cathay Capital backs Minafin

The transaction is valued in Cathay's usual €5-15m investment range. The GP invested via the Cathay Capital II fund, which held a first close on €125m in May. The GP's focus on China will help Minafin strengthen its execution capability in the country.

The investment will also back Minafin's acqusition strategy. The group was notably looking at a potential merger with Gilde-backed Novasep recently – the latter has, however, just been through a capital restructuring instead.

Company
Minafin was established in 2005 as a spinout of chemical company SEAC. It specialises in fine chemicals, advanced cosmetology, pharmaceutical intermediates and active pharmaceutical ingredients.

Operating across four manufacturing sites in France, Germany and the US, the group generates revenues of €120m. It employs around 580 people.

People
Anne-Sophie Roquette led the deal for Cathay. Frédéric Gauchet is CEO of Minafin.

Advisers
Equity – BMA, Hervé Krissi (Financial due diligence); ACDR, Cyril Facchin (Legal).

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