Cathy Capital Invests $20M In ZhengMing Logistics

Cathy Capital Private Equity announced that it has invested US$20 million in Shanghai-based Zhengming Modern Logistics Co.

The investment is made via Sino French Fund, a €150 million private equity fund established in 2012 by the Caisse des Dépôts Group and the China Development Bank.

Cathay Capital is the manager of the Sino French Fund, which focuses on investing in small- and mid-sized companies in China and France.

This investment is the second for Sino French Fund. In February, it invested in Paris-based Flexitallic Group, a company that manufactures and supplies high quality industrial sealing products and gaskets.

Cathay Capital manages two other funds, €70 million-under-management Cathay Capital I and €190 million-under-management Cathay Capital II. The company has offices in Beijing, Shanghai, Paris and New York.

Shanghai Zhengming Modern Logistics is a supply chain logistics solution provider specializing in cold chain logistics, auto-part logistics and logistics of pharmaceutical industry business. Its network covers 90% of major cities and has over 600 modern cold chain transport vehicles, over 50 special container transport vehicles and over 300 other transport vehicles.

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