- CEO
- Peter Michael Yu
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 505 Fifth Avenue, 15th Floor New York City NY United States of America 10017
- IPO Date
- Jun 24, 2025
- Business
- Cartesian Growth Corporation III (CGCT) is a blank check company sponsored by an affiliate of Cartesian Capital Group LLC that focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more established high-growth businesses, particularly those with proven or potential transnational operations across various industries and sectors; it offers target companies access to public markets, significant growth capital, and operational expertise from its management team and board. Incorporated in 2024 as a Cayman Islands exempted company and headquartered at 505 Fifth Avenue, 15th Floor, New York, New York, the company trades its Class A ordinary shares on Nasdaq under the ticker CGCT and its units under CGCTU. Led by Chairman and Chief Executive Officer Peter Yu, who also serves as Managing Partner of Cartesian Capital Group, a global private equity firm with over $3 billion in committed capital since 2006, CGCT targets opportunities for ongoing value creation post-combination, leveraging the sponsor's experience in providing growth capital to transnational businesses worldwide. In May 2025, the company completed an upsized initial public offering of 27.6 million units priced at $10.00 each, generating $276 million in gross proceeds including the full exercise of the underwriters' over-allotment option by Cantor Fitzgerald & Co., with shares commencing trading on Nasdaq on May 2, 2025; as of late 2025, CGCT remains in the search phase for a business combination target with no announced mergers, acquisitions, or strategic shifts.