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[7-28-15]
Han Yi Assisted Carlyle and Goldman Sachs with D Round of Investment in Shanghai ANE Logistics
On June 28, 2015, The Carlyle Group and The Goldman Sachs Group Inc. reached an agreement with Shanghai ANE Logistics Limited pursuant to which Carlyle and Goldman Sachs agreed to invest approximately USD170 million into the Shanghai-headquartered logistics company. Carlyle, as the lead investor, agreed to put in USD120 million. The transaction has been closed in July 2015.
Founded in 2010, ANE is one of the largest and fastest growing less than truckload (LTL) operators in China. It delivers small orders throughout the country by way of a network of some 5,000 franchised stores. ANE has previously received three rounds of financings in 2013 and 2014. This D round of investment was mainly driven by the explosive growth of China¡¯s e-commerce which brings about significant expansion and consolidation opportunities for the country¡¯s LTL logistics industry.
Han Yi lawyers provided PRC legal advisory support and assistance to both Carlyle and Goldman Sachs throughout this transaction.