The Carlyle Group has entered into definitive agreements to invest $115 million and $120 million in JIC Leasing and Shanghai ANE Logistics, respectively; Carlyle's investment in JIC Leasing will result in it owning an 18.54% stake in the company. Founded in 1989, JIC Leasing targets three core verticals for its leasing portfolio: information technology, advanced equipment manufacturing and healthcare, environment & alternative energy. Founded in 2010, ANE provides road transportation and delivery services for cargos between 15 kilograms and three tons, operating with a franchise model in China. Equity for the JIC Leasing transaction, which is expected to close in 2H, will come primarily from Carlyle Asia Growth Partners IV. Equity for the ANE deal will come from Carlyle Asia Partners IV.
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