Warburg Pincus re-ups in China ANE Logistics

The private equity firm invested an undisclosed sum in the company earlier this year. Prior to that, the business raised $6.3 million in a Series A round funding from Sequoia Capital.

Hangzhou-based ANE was founded in 2000 and now owns 50 logistics centers. It wants to become the biggest player in the less-than-truckload transport segment, shipping small parcels below a certain weight.

Spurred by a lack of high-quality supply and rising demand from retail customers, private capital is flooding into China's logistics sector. According to AVCJ Research, $4.8 billion has been invested in warehousing and trucking and courier services in China in the last 18 months.

Several express logistics players - the last-mile service providers - have received funding to support nationwide expansion plans, notably SF Express.

On the warehousing side, this year APG invested $650 million in Warburg Pincus-backed e-Shang, Shanghai Yupei received $250 million from RRJ Capital and Temasek Holdings, and a consortium featuring Hopu Investments and several Chinese institutional players injected $2.5 billion into Singapore-listed Global Logistic Properties' China business.

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• Topics
• Greater China
• Support services
• Expansion
• Logistics
• Warburg Pincus Asia
• Transportation
• China
• Growth capital