Investments
168Portfolio Exits
27Funds
18Partners & Customers
3Service Providers
2About Cathay Capital
Cathay Capital is a global investment firm operating in the private equity, venture capital, and healthcare sectors. The company invests in small to midsize companies across industries, startups at the center of the digital revolution, and at the convergence of life sciences, healthcare, and tech, with the aim of creating global leaders, building resilient businesses, and improving human health. Cathay Capital primarily serves sectors such as automotive, energy, small domestic appliances, personal insurance, airport operations, healthcare, wines and spirits, and beauty. It is based in Paris, France.
Expert Collections containing Cathay Capital
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Vitamin & Supplement Startups
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Latest Cathay Capital News
Nov 7, 2023
This investment will help Parkview to expand its operations by acquiring new practices and adding ancillary dental services. November 7, 2023 Parkview currently handles 22 dental practices, offering both general dentistry and speciality dental services. Established in 2018, Parkview is a DSO based in Sarasota, Florida, US. Go deeper with GlobalData It currently handles 22 dental practices, offering both general dentistry and speciality dental services. Since its establishment, the company has expanded its network from eight to 22 practices in the Southwest Florida market, which is claimed to be highly fragmented due to the large number of unaffiliated dentists in the area. Cathay’s latest investment will help Parkview to scale up its operations by acquiring new practices as well as by adding additional ancillary dental services. This marks Cathay’s inaugural investment in North America under its Growth Private Equity Fund (Small Cap IV), which closed at €240m ($257m) in June. How well do you really know your competitors? Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge. Not ready to buy yet? Download a free sample We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form By GlobalData Submit Tick here to opt out of curated industry news, reports, and event updates from Hospital Management. I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the privacy policy Submit and download Parkview CEO Will Schlotthauer said: “We are excited to benefit from Cathay’s track record of scaling businesses while also having a growth mindset and a partnership-like approach with management teams and stakeholders. “This new partnership is uniquely positioned to accelerate Parkview’s growth to become the market leader in the Southeast. Cathay’s experience with a ‘buy and build’ strategy along with its adherence to driving culture aligns perfectly with Parkview’s goals.” The latest transaction also features material rollover investment from the existing management team at Parkview comprising Parkview CEO Will Schlotthauer and founder and chief development officer Dr Kenneth Liszewski. Cathay’s latest investment, in collaboration with Parkview’s management team, is expected to boost Parkview’s expansion in the $9bn dental services market in Florida, US. For this transaction, Live Oak Banking Company and Barings provided a uni-tranche credit facility in the recapitalisation. In addition, Barings was responsible for providing an equity co-investment together with Cathay Capital. Cathay Capital director Ricky Roman said: “The Cathay team looks forward to leveraging our healthcare services and buy-and-build experience to accelerate the growth of Parkview as the company seeks to expand on its market-leading position in Southwest Florida.” Sign up for our daily news round-up! Give your business an edge with our leading industry insights.
Cathay Capital Investments
168 Investments
Cathay Capital has made 168 investments. Their latest investment was in Haidi as part of their Series B on November 11, 2023.
Cathay Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/24/2023 | Series B | Haidi | Yes | 3 | ||
11/6/2023 | Seed | Parkview Dental Partners | Yes | 1 | ||
9/26/2023 | Series B | QT Medical | $12M | Yes | 6 | |
8/9/2023 | Series A | |||||
7/26/2023 | Series C |
Date | 11/24/2023 | 11/6/2023 | 9/26/2023 | 8/9/2023 | 7/26/2023 |
|---|---|---|---|---|---|
Round | Series B | Seed | Series B | Series A | Series C |
Company | Haidi | Parkview Dental Partners | QT Medical | ||
Amount | $12M | ||||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 3 | 1 | 6 |
Cathay Capital Portfolio Exits
27 Portfolio Exits
Cathay Capital has 27 portfolio exits. Their latest portfolio exit was UPhoton on October 31, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
10/31/2023 | Corporate Majority | 2 | |||
7/13/2023 | IPO | Public | 2 | ||
6/6/2023 | Shareholder Liquidity | 1 | |||
Date | 10/31/2023 | 7/13/2023 | 6/6/2023 | ||
|---|---|---|---|---|---|
Exit | Corporate Majority | IPO | Shareholder Liquidity | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | ||||
Sources | 2 | 2 | 1 |
Cathay Capital Acquisitions
11 Acquisitions
Cathay Capital acquired 11 companies. Their latest acquisition was Artefact on September 29, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
9/29/2021 | Take Private | 3 | ||||
7/12/2021 | Private Equity | Acq - Fin | 2 | |||
5/4/2018 | Acq - Fin | 4 | ||||
2/21/2018 | ||||||
11/4/2016 |
Cathay Capital Fund History
18 Fund Histories
Cathay Capital has 18 funds, including Cathay Consumer Co-creation Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
8/24/2023 | Cathay Consumer Co-creation Fund | 2 | |||
6/29/2023 | Cathay Small Cap IV | $261.16M | 3 | ||
6/10/2020 | Cathay Smart Energy Fund | Multi-Stage Venture Capital | Open | $120M | 5 |
5/14/2020 | Cathay Midcap II | ||||
5/12/2020 | Cathay Capital Private Equity Fund II |
Closing Date | 8/24/2023 | 6/29/2023 | 6/10/2020 | 5/14/2020 | 5/12/2020 |
|---|---|---|---|---|---|
Fund | Cathay Consumer Co-creation Fund | Cathay Small Cap IV | Cathay Smart Energy Fund | Cathay Midcap II | Cathay Capital Private Equity Fund II |
Fund Type | Multi-Stage Venture Capital | ||||
Status | Open | ||||
Amount | $261.16M | $120M | |||
Sources | 2 | 3 | 5 |
Cathay Capital Partners & Customers
3 Partners and customers
Cathay Capital has 3 strategic partners and customers. Cathay Capital recently partnered with FuturMaster on June 6, 2020.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
6/30/2020 | Client | United Kingdom | FuturMaster chooses Cathay Capital to accelerate its ambitious growth strategy FuturMaster chooses Cathay Capital to accelerate its ambitious growth strategy . | 1 | |
6/9/2020 | Partner | ||||
3/27/2018 | Partner |
Date | 6/30/2020 | 6/9/2020 | 3/27/2018 |
|---|---|---|---|
Type | Client | Partner | Partner |
Business Partner | |||
Country | United Kingdom | ||
News Snippet | FuturMaster chooses Cathay Capital to accelerate its ambitious growth strategy FuturMaster chooses Cathay Capital to accelerate its ambitious growth strategy . | ||
Sources | 1 |
Cathay Capital Service Providers
2 Service Providers
Cathay Capital has 2 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Private Equity | Investment Bank | Financial Advisor | |
Service Provider | ||
|---|---|---|
Associated Rounds | Private Equity | |
Provider Type | Investment Bank | |
Service Type | Financial Advisor |
Partnership data by VentureSource
Cathay Capital Team
15 Team Members
Cathay Capital has 15 team members, including current Founder, President, MingPo Cai.
Name | Work History | Title | Status |
|---|---|---|---|
MingPo Cai | Founder, President | Current | |
Name | MingPo Cai | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Founder, President | ||||
Status | Current |
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