Another investor in Chinese logistics
The Carlyle Group has agreed to invest approximately $120 million into Shanghai ANE Logistics, following other Northern America –based investors CBRE Global Investment Partners and Ivanhoé Cambridge recently making investments in Chinese logistics properties.
The transaction is expected to close in the third quarter of 2015. Equity for the transaction will come from Carlyle Asia Partners IV, which closed in 2014 with $3.9 billion, exceeding its $3.5 billion target.
Eric Zhang, managing director of the Carlyle Asia buyout team, said in a statement, “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 it