Centurium Capital leads $300m round in Chinese unicorn ANE Logistics

Chinese express shipping firm ANE Logistics has announced the completion of a $300-million fresh funding round led by Centurium Capital, a leading PE investor focused on the domestic consumer space.

ANE closed its $150-million Series E round from China’s top fund manager CDH Investments in 2018. Per its recent release, ANE featured on the Hurun Global Unicorn List 2019, making it one of the 494 world-wide unicorns.

ANE also counts Goldman Sachs and The Carlyle Group among its investors. Earlier in 2015, The Carlyle Group invested about $120 million in ANE with participation from Goldman Sachs and Haitong Haitong International Securities Group Limited. Prior to it, Sequoia Capital China invested in the firm in two consecutive rounds in 2013 and 2014.

Operated by Shanghai ANE Juchuang Supply Chain Management Company and set up in 2010, ANE  offers 15-3000 kg cargo delivery services. It claims to specialise in integrating traditional logistic routes, less-than-truckload shipping networks and IT platforms. 

Driven by big data, cloud, and AI, ANE has launched flagship products such as MiNi E-commerce and Arrival On Time. As of December 2019, it operates 4000 routes with a carrying capacity of approximately 40,000 tonne per day.

ANE will use the funding proceeds to innovate its operation and information systems, as well as management efficiency. Going forward, it claims to enhance its cargo transportation capacity to 100,000 tonne per day. 

Centurium Capital has closed its debut dollar fund at over $2 billion in July 2019. Its portfolio includes Nasdaq-listed Luckin Coffee, China Biologic Products, online SaaS platform Keking, and online education platform Happy Kids Education, among others.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.