PE and VCS are now eyeing the express industry

Summary: The capital is generally optimistic about the future development of the express industry, because they believe that e-commerce in the next two years will be a blowout-type development, delivery business will also be multiplied by the pursuit of high profits and quick return of PE and VCS, now also fancy the express industry.

Capital generally optimistic about the future development of the express industry, because they believe that e-commerce in the next two years will be a blowout-type development, delivery business will also be doubled

has always been the pursuit of high income and quick return of PE and VCS, now also fancy the express industry.

"First Financial daily" reporter yesterday from the full Peak Express (hereinafter called "full Peak") learned that the company has just signed an agreement with three PE companies, Ding Capital, Peng Kang Investment, Phoenix Capital three institutions will invest 200 million yuan in the whole peak.

Pang President Chen Gahai told reporters yesterday, in the introduction of several PE companies, the full peak of the holding rights remain unchanged, PE company will not intervene in management, but in the financial norms will be guided, because the company also has the next 3-5 years listing plans.

In recent years, the private express industry seems to have become the capital of the "new favorite", not only Hna and Alibaba has entered a foot, even Fosun, Lenovo, IDG and other investment and PE companies are also coveted.

The new favorite of capital

In the express industry, the whole peak is called "Dark Horse", the company has only begun to operate since July 2011, less than two years of time business scale and network has entered the national top ten. Currently in the country has more than 1900 outlets, 48 large and medium-sized transshipment center and hundreds of main bus, daily average amount of breakthrough 300,000 pieces.

In the introduction of PE, Pang had with Tencent and Gome and other investment negotiations, and eventually did not talk about, and turned to three PE company signed, and one of the PE Peng Kang investment, also belong to the Gome department.

In this respect, an insider told reporters that, although not with the United States to reach an investment intention, but the company will still be with the United States, including gome to seek cooperation opportunities, at present, the company's online shopping express accounted for 60%, hope to continue to expand the area of e-commerce delivery share.

An industry personage also analysis to the reporter, the entire peak finally did not have with Tencent, Gome and so on single company to reach the investment agreement, also does not want to lose with more electric business enterprise cooperation opportunity, moreover, at present the whole peak business mainly concentrates in 5 kilograms below small piece delivery, and Gome needs to deliver large appliances in the distribution needs and patterns are also different.

In the full peak before, Fosun Group has joined hands with Lenovo, investment has been known as "four to one" five large private express delivery giants one of the rhyme Tatsu Express, two companies also once hope to buy the largest domestic network of Private Express Shentong Express. and including HNA, IDG and other companies have a better network with the industry several private courier companies contact, hoping to invest in shares.

In this respect, a private express enterprise senior to the reporter pointed out, in his and came to negotiate the wind investment contact found that these enterprises generally optimistic about the future development of the express industry, because E-commerce in the next two years will also appear blowout type of development, delivery business will be doubled. and the current private express enterprises because of a large number and decentralized, competitive, most of the valuation is still relatively low.

Express Logistics Consulting Network chief consultant Xu Analysis, at present there is no express class listed companies, which is PE and VCS want to enter this industry to invest in one of the purposes.

Risk

For many "gearing up" capital, it is not easy to find the right investment target.

The above mentioned Private Express Enterprise Senior told our correspondent, before the express industry is a relatively closed industry, the outside world is difficult to understand the real situation, and the current majority of private express enterprises are to implement the franchise system, scattered throughout the country to join the enterprise's control and management ability is not strong. In addition, most of the private express enterprises in the governance structure and personnel team has yet to be improved, which for industry companies and VCs, are potential investment risks.

At present, in addition to shun Fung Fast transport, other private express companies are mostly franchise operation, management are more dispersed, lax. Pang is the PE company in the phase, because of its in Beijing and Shanghai wide three for direct business model, while the other regional franchisee control is also more stringent, personnel and financial statements are unified management by Headquarters. At present many joined the Express enterprise still cannot do.

Xu also pointed out to reporters that at present, such as "Four to one Tatsu" in the national network has been relatively complete several private courier companies, not active in the introduction of capital, even if there is interest in the price will be higher. While the two or three-line express companies face the market space is still very large, but to be profitable is not easy, last year, the average daily average of more than 350,000 to be able to profit and loss balance, this year the break-even point is expected to increase to 400,000 pieces.

Chen Gahai said that, although the business size and revenue growth of eight times times last year, but the company has not yet made a profit, this year is expected to achieve a daily average of 500,000 to 600,000 pieces, 2014 to 1 million, should be able to profitability.

"At present, the capital of the Express investment is also a trial of the road, the future express industry will be further the fittest, enterprise concentration will be closer to the large courier companies." "Xu pointed out that PE, VCs want to short time in the Express company to make money is not easy, the industry needs time to nurture.