Franco-Chinese private equity investor Cathay Capital has made an equity investment in fine chemicals manufacturer Minafin.
Born out of the take-over, in 2005, of SEAC assets in Beuvry-la-Forêt by Frédéric Gauchet, Minafin group has grown rapidly through acquisitions and now boasts four manufacturing sites (Beuvry la Forêt and Dunkerque in France, Leuna in Germany, and Memphis in the USA).
With the advanced pharmaceutical ingredients (API) market going through a period of consolidation, the group is looking to pursue a further acquisition strategy to establish itself as a worldwide leader servicing major pharmaceutical companies.
Cathay’s involvement will help Minafin achieve its ambitious growth plan, while providing a stronger execution capability in China, currently the world’s largest API producer.
With 20 professionals based in Paris and Shanghai, Cathay Capital has EUR200 million under management through 20 portfolio companies both in France and China. It’s investment in Minafin follows recent investments in Vulcanic and Moncler.