M&A Deal Summary

Cathay Capital Private Equity Acquires ABUP

On September 1, 2018, private equity firm Cathay Capital Private Equity acquired information technology company ABUP

Acquisition Highlights
  • This is Cathay Capital Private Equity’s 2nd transaction in the Information Technology sector.
  • This is Cathay Capital Private Equity’s 29th transaction in China.

M&A Deal Summary

Date 2018-09-01
Target ABUP
Sector Information Technology
Buyer(s) Cathay Capital Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

ABUP

Shanghai, China
ABUP is an innovative IT company focusing on OTA update solution in the global Internet of Vehicles (IoV) and Internet of Things (IoT) sectors. ABUP's key technology is the well-developed infrastructure with and leading differencing technologies in OTA upgrade. ABUP was founded in 2017 and is based in Shanghai, China.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Cathay Capital Private Equity

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cathay Capital Private Equity SAS is a French Chinese private equity firm focused on acquiring businesses in France, Hong Kong, and China. Cathay looks to help Western companies leverage opportunities in China and help Chinese companies leverage Western best practices and partnerships. The Firm looks to invest in businesses generating €5 to €150 million in revenues. Areas of interest include retail, consumer goods, electrical equipment, medical devices, pharmaceuticals, animal healthcare, translation, food, consumer services, and software. Cathay Capital Private Equity SAS was formed in 2007 and is based in Paris. The firm has additional offices in New York and Shanghai.


DEAL STATS #
Overall 66 of 101
Sector: Information Technology M&A 2 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 19 of 21
Country: China M&A 29 of 39
Year: 2018 M&A 13 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-01 Jiuhetang

Shanghai, China

Jiuhetang is a distributor of medical products to hospitals, clinics, pharmacies, Chinese herbal decoction center, and GSP distribution. Jiuhetang was founded in 1933 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-14 Yeelight

Qingdao, China

Yeelight is an innovative high-tech company that develops and produces smart home lighting products, and provides smart lighting solutions. Yeelight was formed in 2012 and is based in Qingdao, China.

Buy -