The Carlyle Group said Sunday it had agreed to invest about $120 million in into Shanghai ANE Logistics Ltd. Shanghai-based ANE provides road transportation and delivery services for cargos between 15 kilograms and three tons. Equity for the transaction will come from Carlyle Asia Partners IV.
Beijing, China – Global alternative asset manager The Carlyle Group (NASDAQ:CG) has agreed to invest approximately US$120 million into Shanghai ANE Logistics Limited (ANE). Subject to customary closing conditions, the transaction is expected to close in the third quarter of 2015. Equity for the transaction will come from Carlyle Asia Partners IV.
Founded in 2010 and headquartered in Shanghai, ANE is the largest and fastest growing Less Than Truckload (LTL) operator with a franchise model in China. It provides road transportation and delivery services for cargos between 15 kilograms and three tons.
Eric Zhang, Managing Director of the Carlyle Asia buyout team, said, “China’s economic restructuring and e-commerce development bring about significant growth and consolidation opportunities in the country’s LTL logistics industry. ANE is well positioned to unleash the growth momentum with its attractive franchise model and strong management team.”
“We look forward to working with the management team to support the company’s continued growth through our industry expertise, global resources and extensive portfolio network,” he added.
Wang Yongjun, Chairman of ANE Logistics, said, “We value Carlyle’s experiences in the franchise model and its strong presence and proven track record in China. Through this partnership with Carlyle, we expect to enhance our infrastructure, expand our national network coverage and bring our business to a new level of success.”
Carlyle has invested approximately $5.9 billion of equity in 80 transactions in China as of March 31, 2015.
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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $193 billion of assets under management across 130 funds and 156 fund of funds vehicles as of March 31, 2015. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,650 people in 40 offices across six continents.
About Shanghai ANE Logistics Limited
Founded in 2010 and headquartered in Shanghai, ANE is the largest and fastest growing Less Than Truckload (LTL) operator with a franchise model in China. ANE pioneers the franchise model in China’s LTL industry and has established a robust national delivery network through self-operated sorting centers, contracted line-haul trucks and franchised pick-up-and-delivery stores. The company currently has about 5,000 franchised stores nationwide.