Chinese express delivery company S.F. Express has gained major new partners via an equity investment from CITIC Capital's first renminbi-denominated fund.
As part of a consortium that includes Oriza Holdings and China Merchants Group, CITIC Capital Holdings Limited acquired a stake of no more than 25% in China's express delivery services company, S.F. Express (Group) Company Ltd. CITIC Capital entered into the transaction through its first renminbi-denominated fund named CITIC Capital (Tianjin) Equity Investment Partnership. Details of the transaction were not disclosed due to compliance of a confidentiality agreement.
S.F. Express is one of the leading privately-run express delivery services company in China, providing domestic and international delivery solutions to a wide array of domestic and international partners.
Headquartered in Shenzhen, S.F. Express has been providing domestic and international express delivery solutions to a wide array of customers since its establishment in 1993.