25 June 2015
By Reuters
Carlyle Group, (click here) the US private equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, said on Sunday it has agreed to pay $120 million for an undisclosed stake in Chinese logistics firm Shanghai ANE Logistics Limited (ANE) as it seeks to benefit from China's booming e-commerce business.
Carlyle said the transaction, financed from its Carlyle Asia Partners IV fund, is expected to close in the third quarter.
ANE, founded in 2010, operates distribution centres and franchised stores for smaller "less-than-a-truckload" deliveries of goods between 15 kg (33 lb) to 3 tonnes.
The Chinese firm had previously secured investments from Sequoia Capital and Warburg Pincus, according to its website.
It looks as though Carlyle has money to spend.
June 29, 2015
Private equity firm CarlyleGroup LP (click here) said on Monday it agreed to pay $115 million for an 18.5 percent stake in Chinese company JIC Leasing Co Ltd, the firm's second investment in China in two days.
Carlyle said the transaction, financed from its Carlyle Asia Growth Partners IV fund, is expected to close in the second half of the year.
Beijing-based JIC Leasing, a unit of state-owned China Jianyin Investment Ltd (JIC), focuses on leasing of equipment in the information technology, healthcare and alternative energy sectors. It had 8.64 billion yuan ($1.4 billion) in assets at the end of 2013, according to JIC's website.
Carlyle said on Sunday it would pay $120 million for an
undisclosed stake in Chinese logistics firm Shanghai ANE
Logistics Ltd (ANE)
($1 = 6.2085 Chinese yuan)
(Reporting by Elzio Barreto; Editing by Prateek Chatterjee)
By Reuters
Carlyle Group, (click here) the US private equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, said on Sunday it has agreed to pay $120 million for an undisclosed stake in Chinese logistics firm Shanghai ANE Logistics Limited (ANE) as it seeks to benefit from China's booming e-commerce business.
Carlyle said the transaction, financed from its Carlyle Asia Partners IV fund, is expected to close in the third quarter.
ANE, founded in 2010, operates distribution centres and franchised stores for smaller "less-than-a-truckload" deliveries of goods between 15 kg (33 lb) to 3 tonnes.
The Chinese firm had previously secured investments from Sequoia Capital and Warburg Pincus, according to its website.
It looks as though Carlyle has money to spend.
June 29, 2015
Private equity firm CarlyleGroup LP (click here) said on Monday it agreed to pay $115 million for an 18.5 percent stake in Chinese company JIC Leasing Co Ltd, the firm's second investment in China in two days.
Carlyle said the transaction, financed from its Carlyle Asia Growth Partners IV fund, is expected to close in the second half of the year.
Beijing-based JIC Leasing, a unit of state-owned China Jianyin Investment Ltd (JIC), focuses on leasing of equipment in the information technology, healthcare and alternative energy sectors. It had 8.64 billion yuan ($1.4 billion) in assets at the end of 2013, according to JIC's website.
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