M&A Deal Summary

Cathay Capital Private Equity and General Atlantic Acquire Zongteng

On December 1, 2018, private equity firm Cathay Capital Private Equity and growth capital firm General Atlantic acquired transportation company Zongteng

Acquisition Highlights
  • This is Cathay Capital Private Equity’s 5th and General Atlantic’s 3rd transaction in the Transportation sector.
  • This is Cathay Capital Private Equity’s 32nd and General Atlantic’s 24th transaction in China.

M&A Deal Summary

Date 2018-12-01
Target Zongteng
Sector Transportation
Buyer(s) Cathay Capital Private Equity
General Atlantic
Deal Type Buyout (LBO, MBO, MBI)

Target

Zongteng

Shenzhen, China
Zongteng is a cross-border logistics service provider for E-commerce sellers in China. It offers end-to-end cross-border logistics and overseas warehousing services. It also operates an export e-commerce business focusing on categories such as auto parts and household products. Zongteng was founded in 2007 and is based in Shenzhen, China.

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Buyer(S) 2

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 69 of 100
Sector: Transportation M&A 5 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 20 of 21
Country: China M&A 32 of 39
Year: 2018 M&A 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Uphoton

Beijing, China

Uphoton is a designer, manufactures and sells micro-nano diffractive optical elements (DoE). The products are mainly used in imaging products such as cameras and lenses that require 3D optical applications, including security monitoring, intelligent identification, night vision lighting, industrial automation, human-computer interaction, virtual reality, automotive equipment and more. Uphoton was founded in 2016 and is based in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 Finance Active

Paris, France

Finance Active designs SaaS solutions to improve performance in debt management and financial risk management: foreign exchange, investment, prospective, and guarantees. Finance Active paves the way for digital transformation in financial departments of companies, local authorities, and financial institutions with more than 13,000 users across 5 continents. Finance Active was founded in 2000 and is based in Paris, France.

Buy -
Buyer

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 212 of 364
Sector: Transportation M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 19
Country: China M&A 24 of 33
Year: 2018 M&A 25 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-28 Plusgrade

Montreal, Quebec, Canada

Plusgrade provides revenue solutions to airline, hospitality, cruise, passenger rail, and financial services companies. Plusgrade was founded in 2009 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Aimbridge Hospitality

Plano, Texas, United States

Aimbridge Hospitality is an independent hotel investment and management firm. Aimbridge Hospitality offers an unrivaled track record of creating and maximizing asset value and holds an enviable position as an exclusive management company approved to operate all brands within the Marriott, Hilton, Hyatt, Starwood, Wyndham, and InterContinental systems as well as their respective newly launched soft brands. Aimbridge Hospitality was founded in 2003 and is based in Plano, Texas.

Sell -