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JunHe Assisted YIMIDIDA in its Series D Financing

2019.01.28

The leading less-than-carload logistics platform YIMIDIDA announced its completion of RMB 1.8 billion Series D Financing. JunHe, as financing legal counsel to YIMIDIDA, represented YIMIDIDA in its Series D Financing and provided whole-set legal services. The financing was led by BOYU CAPITAL, the follow-up investors were HOPU, GLP and SOURCE CODE CAPITAL, HUAXING CAPITAL acted as exclusive financial counsel to the financing. This financing set a record of single financing amount in less-than-carload logistics industry in China, which mirrored the high recognizing of value and potential from top financial investors, industry investors, market and society. Up til now, YIMIDIDA has completed 6 series of financing in 28 months continuously, the financing amount was above RMB 3 billion in total.


As a leading less-than-carload logistics platform, YIMIDIDA was founded in Shanghai in 2015, initially developed from regional partnership and alliance, now its main business is nationwide highway less-than-carload logistics network services. After more than 3 years’ development and member enterprises’ restructure, YIMIDIDA’s business now covers 31 provinces (24 proprietaries and 7 members), and has access to Hong Kong and Taiwan, existing dots are above 12000 and distributing dots are nearly 200, its number of mainlines, branch lines and goods are prior to peers in China. YIMIDIDA’s enterprise mission is “To make logistics more intelligent and to make the connections more efficient”, it focuses on E-commerce, small-receipt less-than-carload logistics, large-receipt less-than-carload logistics and carload logistics business, and provides complex logistics services of high cost-performance ratio for clients.


JunHe, acting as whole-process legal counsel to YIMIDIDA, provided legal services including financing deal structure design, reviewing and modifying whole-set deal documents, negotiation with lead investor, follow-up investors and former investors.


It was a complex project in many ways: 1 ) There were multiple financing investors with strong backgrounds, the negotiations, communications and coordinations were difficult, certain issues needed to be negotiated and discussed with the investors separately in order to safeguard YIMIDIDA’s interests to the greatest extent; 2 ) The project timetable was tough, the negotiations, communications, coordinations and subscribing of deal documents with multiple investors and former investors were supposed to be completed in a short period. The JunHe team communicated, discussed and coordinated on the deal arrangement and deal documents with multiple investors and former investors, in the session of finalization the JunHe team conducted rounds of negotiations with leading investors, finally assisting YIMIDIDA to complete the project with a rich experience in similar projects and professional, rigorous legal services. JunHe team’s performance was highly recognized by YIMIDIDA.


The leading partner was Mr. JIANG, Wenjun (Kelvin) .


JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.