Warburg Pincus Injects $50M Follow-On Investments In ANE Logistics

Hangzhou-based Chinese logistics company ANE Logistics has received US$50 million followed-on investment from Warburg Pincus, according to an announcement from ANE.

ANE previously received tens of millions U.S. dollars in series A financing from Sequoia Capital in 2012. Earlier in 2014, Sequoia and Warburg Pincus jointly invested an undisclosed amount in a series B round.

Established in 2010, ANE operates over 50 distribution centers in China.

The Chinese logistics sector has attracted investments from both financial investors and big Chinese e-commerce companies in the past year.

In May, Dutch pension fund asset manager APG Asset Management N.V. agreed to invest up to US$650 million for an approximately 20% stake in Chinese warehousing developer and operator e-Shang. E-Shang is founded by Warburg Pincus and two Chinese entrepreneurs in 2011.

Around the same time, Yunfeng Capital, a private equity firm co-founded by Alibaba Group Holding’s Jack Ma, invested "several hundred million RMB" in Chinese courier firm Quanfeng Express.

In April, private equity firm RRJ Capital and Singapore’s Temasek Holdings agreed to invest US$250 million in Chinese logistics warehouse developer Shanghai Yupei Group.

In January, Tencent says it will acquire 9.9% of Hong Kong-listed Chinese logistics center developer China South City for US$193 million.

Last August, CITIC Capital Holdings Limited, Oriza Holdings and China Merchants Group acquired 25% of Shenzhen-based Chinese logistics firm S.F. Express.

At the same time, Sino-Europe private equity firm Cathy Capital Private Equity announced that it has invested US$20 million in Shanghai-based Zhengming Modern Logistics Co.

Last November, Singapore-based Global Logistic Properties Ltd. launched a US$1.5 billion China logistics infrastructure fund to develop modern logistics facilities in China.