January 25, 2020, Beijing – Centurium Capital today donated RMB2 million to Hubei Charity Federation’s special fund to help hospitals and local authorities fight the recent novel coronavirus pneumonia outbreak, which originated from Wuhan, Hubei’s provincial city and most severely hit.
At the time of Centurium Capital’s donation this morning, China has confirmed 1,287 cases and 41 deaths, as the contagious illness continues to spread across the country, so far affecting 30 provincial-level regions.
January 21, 2020, Beijing – Centurium Capital (“Centurium” or the “Firm”), a leading private equity firm in China, announced today that it has completed an investment of over US$ 300 million into ANE Logistics (“ANE” or the “Company”). ANE, the leading less-than-truckload (“LTL”) trucking logistics company in China, plans to use the financing to invest in technology and operations to further solidify its market leadership position.
ANE’s daily LTL shipments reached close to 40,000
tons and its total number of franchise depots was over 20,000 as of December
2019, covering 96% of towns and townships in China.
With a growing and well-run network of depots and
trunk-lines, ANE has been steadily improving its profitability through
effective cost management and increased operational efficiency.
Yongjun Wang, Chairman of ANE, commented, “The
trend towards concentration in China’s logistics industry is obvious. We see
great opportunities over the next five years to expand our network, optimize
operational efficiency and improve service quality. We will work hard to
achieve the strategic goal of an average daily cargo volume of 100,000 tons and
a market value of over RMB100 billion ($14 billion).”
Michael Chen, Partner of Centurium, commented, “ANE
Logistics is a clear leader in China’s LTL logistics sector and a pioneer with an
innovative, technology-driven franchise model providing quality solutions to
its clients. We believe that our capital and support will assist the company in
its goal to further consolidate the market and solidify its leadership
position.”
Centurium’s investment philosophy is to identify investment opportunities in China’s rapidly expanding consumer, services, and healthcare sectors, with an investment strategy centered around the need to “Invest to Transform”. Moreover, the Firm brings a hands-on and operations-centric approach to improve operational efficiency and solve structural deficiencies. Investments made by the Firm include, among other, Luckin Coffee (NASDAQ: LK), China Biologic Products (NASDAQ: CBPO), LOHO and UIB.
January 18, 2020, Beijing – Yunxuetang (“YXT”, or “the Company”), a leading corporate training SaaS and services provider in China, announced today that the company has completed Series D financing round of US$100 million led by Centurium Capital (“the firm”, or “Centurium”), and participated by existing investors YF Capital and SIG. The company has previously raised six rounds of financing totaling US$200 million. According to Ruize Lu, Founder of Yunxuetang, the capital will be used to invest in content development and professional services capabilities enhancement.
Founded in 2011, Yunxuetang provides one-stop training solutions including SaaS, content development and services to thousands of big corporate clients and nearly 30,000 SMEs. Headquartered in Beijing and Suzhou, the company has branch offices in over 20 Chinese cities including Shenzhen and Hangzhou.
Yunxuetang’s
total solutions include training infrastructure establishment, training
materials development, training program maintenance, data analysis and vendor
management to meet increasing demands for more efficient staff training as
Chinese companies grow and evolve.
Gary Liu, Executive Director of Centurium Capital, commented, “We are confident of the long-term growth prospects of the business services sector. Yunxuetang’s business model of integrating SaaS, content and services significantly increased the efficiency and quality of staff training efforts of its clients. The core team of Yunxuetang are well respected industry veterans with many years of experience in technology, content development and business services.”
The
market size of the corporate training industry reached RMB294 billion in 2018,
according to a report by Training magazine. While substantial in size,
the industry remains fragmented and without clear market leaders; providing ample
opportunities for consolidation.
Ruize Lu, Founder of Yunxuetang, commented, “Other than online training, it has been an emerging trend for training service providers to be able to generate and intelligently match training materials for staff at different levels and positions. Leveraging its resources and innovative SaaS platform, Yunxuetang is developing high-quality training materials and products to meet client demands.”
Centurium’s investment philosophy is to identify investment opportunities in China’s rapidly expanding consumer, services, and healthcare sectors, with an investment strategy centered around the need to “Invest to Transform”. Moreover, the Firm brings a hands-on and operations-centric approach to improve operational efficiency and solve structural deficiencies. Investments made by the Firm include, among other, Luckin Coffee (NASDAQ: LK), China Biologic Products (NASDAQ: CBPO), LOHO and UIB.
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