Cathay Capital sells its stake in Mobago, holding company of Eurogerm
May 4, 2020
Cathay Capital is pleased to announce today the sale of its investment in Mobago, the holding company of Eurogerm, specialized in wheat flour correctors, dough conditioners, technological aids (Baking and Milling) and cereal ingredients.
Active since 2009 alongside Jean-Philippe Girard, the founding President of the Company, Cathay Capital is selling its stake to Unigrains, a specialist investor in the agribusiness industry. Jean-Philippe Girard remains the majority shareholder and intends to benefit from this new support to pursue the development of the Group.
During the past 5 years, Cathay Capital has contributed to the consolidation of Eurogerm’s positions by promoting the arrival of a new Asian shareholder and supporting the Group’s international development, particularly in Asia but also in the United-States.
Fabien Wesse, Partner at Cathay Capital, says “We are very pleased to have helped Eurogerm accelerate its international development – the group today generates more than 50% of its turnover abroad – and we are convinced that Unigrains, an independent private equity investor specialized in the agribusiness industry, is the ideal partner to assist Eurogerm in the next stages of its growth”.
Cathay Capital, leader of Sino French investments in SMEs, signs with this transaction its 10th sale since its creation 8 years ago, for a total of 35 investments in the same period. The team has made 7 total exits (Datawords, Eurogerm, Flexitallic, Mingrong, Sogal, Solia and Wolf) and 3 partial exits (Dessange, Moncler and Suofeiya). This new transaction attests to the general maturity of the portfolio companies of Cathay Capital I, while the Cathay Capital team continues to pursue its strong investment dynamic through Cathay Capital II and the Sino French SME Fund. Indeed, 3 new investments (2 in China, 1 in France) could be finalized before the end of first semester.
Founded in 1989 by its current President Jean-Philippe GIRARD, EUROGERM designs, produces and markets flour correctors, bread improvers as well as cereal ingredients and production aids for the milling industries. Thanks to an original overall offering “from diagnostics to formulation”, EUROGERM became the French leader in its sector and deploys internationally.
About Cathay Capital PE
Entrepreneur funds for Entrepreneurs, Cathay Capital Private Equity was founded by Mingpo CAI and Edouard MOINET in 2006 and is the first independent Franco-Chinese management company accredited by the AMF. Cathay Capital is the leader of Franco-Chinese investments in SMEs. The company’s balanced bi-cultural team of 30 people in France and China acts as the link between entrepreneurs of both countries and puts its action capacity to the benefit of the international development of its portfolio companies, particularly on the China-France axis. After a first fund of € 70 M invested in 3 years through 18 transactions, Cathay now invests a second fund and the Sino French SME Fund for total assets under management of € 400 M.