Cathay invests in Chinese architecture consulting firm
Sino-French PE firm Cathay Capital has invested an undisclosed sum in China Construction Design International (CDDI), a private architecture and engineering consulting firm.
The investment was made from the Sino-French Midcap Fund, which reached its hard cap of EUR500 million ($574 million) in December last year.
Shenzhen-based CDDI was founded in 1994 as a subsidiary of the China State Construction Engineering. It transformed from a state-owned enterprise to a privately-owned company in 2002.
CDDI provides design solutions covering residential and commercial real estate, civil projects, transportation, cultural tourism and medical care. Landmark projects include the Beijing National Aquatics Center constructed for the 2008 Olympic Games, Ping An International Finance Center, and the headquarters buildings of Alibaba Group and Tencent Holdings.
The company also has offices in New York and Sydney, and works on design projects in Africa and the Middle East. With the new investment, CDDI plans to continue its overseas expansion and make outbound acquisitions.
Other investments from the Sino-French Midcap Fund include diagnostic device maker Echosens and Chinese food ingredients manufacturer Cabio Bioengineering.
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