The Carlyle Group invests US$120m in ANE Logistics

The Carlyle Group, an asset management company, has agreed to invest approximately US$120m 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 a Less Than Truckload haulage company operating with a franchise model in China. It provides road transportation and delivery services for cargos between 15 kg 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.”

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.”