OREANDA-NEWS. July 01, 2015. Global alternative asset manager The Carlyle Group (NASDAQ: CG) has agreed to invest approximately US\\$115 million for an 18.54% stake in JIC Leasing Co., Ltd. Subject to customary closing conditions including required regulatory approvals, the transaction is expected to close in the second half of 2015. Equity for the transaction will primarily come from Carlyle Asia Growth Partners IV.

Founded in 1989 in Beijing, JIC Leasing is a subsidiary of China Jianyin Investment Ltd. A prominent independent financial leasing company in China, JIC Leasing targets three core verticals for its leasing portfolio: (1) Information Technology, (2) Advanced Equipment Manufacturing, and (3) Healthcare, Environment and Alternative Energy, all enjoying significant growth potential as a result of China's ongoing economic transition.

Wayne Tsou, Managing Director and Co-Head of the Carlyle Asia growth capital team, said: "Carlyle is excited to participate in the reform of a state-owned enterprise (SOE) in an attractive sector with strong growth momentum. We are impressed by JIC Leasing's capable management team and its winning strategy of combining its strong SOE background with market-oriented business practice and process."

Sean Lu, Managing Director of the Carlyle Asia growth capital team, added: "We look forward to working together with JIC Leasing's seasoned and motivated management to bring the business to the next level and capitalize on the growth potential in China's leasing industry."

Chen Youjun, Board Chairman of JIC Leasing, said: "We are pleased to partner with Carlyle to further grow and diversify our business at home and abroad. JIC Leasing expects to benefit from Carlyle's international brand equity, global resources and strong industry expertise in the financial sector and business management."

Carlyle has invested approximately US\\$5.9 billion of equity in 80 transactions in China as of March 31, 2015.

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with \\$193 billion of assets under management across 130 funds and 156 fund of funds vehicles as of March 31, 2015. Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments - Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions - in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,650 people in 40 offices across six continents.