Investment Summary

FTV Capital and Cathay Capital Private Equity Invest In eBaoTech

On February 5, 2013, growth capital firm FTV Capital and private equity firm Cathay Capital Private Equity invested in software company eBaoTech

Investment Highlights
  • This is FTV Capital’s 15th and Cathay Capital Private Equity’s 2nd transaction in the Software sector.
  • This is FTV Capital’s 1st and Cathay Capital Private Equity’s 7th transaction in China.

Investment Summary

Date 2013-02-05
Target eBaoTech
Sector Software
Investor(s) FTV Capital
Cathay Capital Private Equity
Deal Type Growth Capital

Target

eBaoTech

Shanghai, China
eBaoTech delivers standards-based, highly configurable insurance software solutions to both property and casualty (P&C) and life insurers. eBaoTech's software products enable insurers to realize cost-effective, scalable, flexible and highly automated insurance operations in an ever-changing environment. eBaoTech is based in Shanghai, China.

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Investor(S) 2

Investor

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


DEAL STATS #
Overall 61 of 133
Sector: Software M&A 15 of 27
Type: Growth Capital M&A Deals 7 of 58
Country: China M&A 1 of 1
Year: 2013 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-18 Presidio Excess Insurance Services

San Francisco, California, United States

Offers medical reinsurance products and services to insurance companies, HMOs, managed care organizations, healthcare systems, hospitals, medical groups and employers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-12 Empyrean Benefit Solutions

Houston, Texas, United States

Empyrean Benefit Solutions, Inc. is a provider of technology and services for managing large and middle-market employers’ health and benefits programs. Empyrean provides enrollment, eligibility management, and a range of other plan administration services to three distinct markets: employers, insurance brokers, and healthcare exchanges. Empyrean Benefit Solutions was founded in 2006 and is based in Houston, Texas.

Buy $41M
Investor

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 23 of 101
Sector: Software M&A 2 of 7
Type: Growth Capital M&A Deals 2 of 26
Country: China M&A 7 of 39
Year: 2013 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Poten Environment

Beijing, China

Poten Environment is a water treatment company focused on providing turn-key solutions for industrial and municipal clients from design, construction, and equipment procurement/production to delivery of the water treatment facility. Poten Environment was founded in 1999 and is based in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-06 Flexitallic Group

Paris, France

Flexitallic Group is a specialized sealing solutions and products serving the oil and gas, power generation, chemical and petrochemical industries in emerging and developed markets. Focused on the upstream, downstream and power generation sectors. Flexitallic Group was founded in 1912 and is based in Paris, France.

Buy €450M