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Investment aims to support company’s expansion in China
Global alternative asset manager The Carlyle Group is investing approximately US$120.0 million into Shanghai ANE Logistics Limited (ANE). Subject to customary closing conditions, the transaction is expected to close in Q3, 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.