A consortium including Citic Capital, Oriza Holdings and China Merchants Group have bought a stake in Chinese express delivery firm S.F. Express.
The consortium bought “a stake of no more than 25%”, said Citic Capital, a Chinese private equity group, in a statement.
S.F. Express is a privately run express delivery services company in China that was established in 1993 and is based in Shenzhen.
Financial details of the transaction were not disclosed.
Citic Capital used its renminbi-denominated fund to buy the stake, it said in the statement.
Citic Capital manages $4 billion across various alternative investment funds. It is owned by China Investment Corporation, China’s sovereign wealth fund, and Citic Group, a Chinese conglomerate.
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