FTV Capital, Cathay Capital Invest $36M in eBaoTech
February 6, 2013
FTV Capital, a San Francisco and New York-based private equity firm, has closed a $36 million growth equity investment in eBaoTech, a software solution provider to the global insurance industry. Cathay Capital Private Equity, a cross-border growth capital provider to Europe- and China-based companies, co-invested in the financing. eBaoTech provides standards-based insurance software solutions to both property and casualty (P&C) and life insurers. Its global footprint includes over 100 deployments for insurers in more than 20 countries. The financing will help the company accelerate its growth in both emerging and developed markets.