Cathay Capital completed the acquisition of a 57.2% stake in Wedia for €15m.

Cathay Capital, a private equity firm, completed the acquisition of a 57.2% stake in Wedia, an international B2B SaaS specialist in the field of digital asset and social media management, for €15m. Cathay’s investment will provide Wedia with the financial resources necessary to finance growth initiatives and a long-term investment horizon conducive to their implementation. Cathay will leverage its platform to support Wedia and the entire management team in a new phase of the company’s development. This support will be based on Cathay’s expertise as an investor in SaaS software companies and its extensive presence in Europe, North America, and Asia.