Philippines
Philippines online pawn store secures VC funding
Manila-based online pawnshop PawnHero has raised an undisclosed amount of pre-Series A funding from a group of venture backers.
Equis launches SE Asia's largest solar project
Renewable energy-focused developer and investor Equis Funds Group has launched Southeast Asia's largest solar energy project in the Philippines.
Profile: Navegar's Honorio Poblador IV
The launch of Philippines-focused Navegar represented another breakthrough for Asian private equity. For Honorio Poblador IV, the firm’s managing partner, it was more than a decade in the making
Q&A: Creador's Brahmal Vasudevan
Creador targets mid-market investments in Southeast Asia and India. CEO Brahmal Vasudevan explains why he sees limited competition outside of India, and why he’s excited about the Philippines
Philippines' PLDT Capital backs US start-up
PLDT Capital, the recently-formed investment arm of Philippine Long Distance Telephone (PLDT), has committed $10 million to US mobile app development platform Phunware and will support expansion in Southeast Asia.
Deal focus: Monde Nissin develops a taste for Quorn
Monde Nissin's acquisition of Quorn Foods from Exponent Private Equity reflects the growing interest among Philippines conglomerates for overseas assets
Philippines' Monde Nissin to buy Quorn Foods from PE owners
Philippines food conglomerate Monde Nissin has agreed to buy Quorn Foods from UK-focused GP Exponent Private Equity and Intermediate Capital Group (IGC) at an enterprise valuation of GBP550 million ($835 million).
Philippines telecom giant PLDT launches VC unit
Philippine Long Distance Telephone (PLDT) has created an investment arm that will back start-ups in Silicon Valley and around the world.
PE investors excited by Philippines' strong fundamentals - AVCJ Forum
PE investors are drawn to the Philippines for its favorable macroeconomic position and potential to serve as a hedge to exposure elsewhere in Asia, but industry participants caution that the deal-making environment is still at a nascent stage of its development....
Philippines targets 500 domestic tech start-ups by 2020
The Philippines government has outlined plans to achieve 500 domestic technology start-ups with a combined valuation of $2 billion by 2020.
Profile: BPI's Dennis Montecillo
After 15 years spent advising PE firms in Asia, Dennis Montecillo has returned to his native country as executive vice president with the Bank of the Philippine Islands (BPI). The timing could not be better
The race to stay relevant
The last couple of weeks have been relatively slow as the industry shakes off the summer doldrums. We are now beginning to see more activity on the deal-making front, as well as a few interesting fund launches such as Chang Sun’s new China agribusiness...
KKR supports Philippines social enterprise project
KKR has completed its second social enterprise assistance project alongside Impact Investment Exchange Asia (IIX) and its non-profit sister organization Shujog, providing support to Glovax Biotech, which sells affordable vaccines to low to middle income...
Navegar commits $15m to Philippines-based TaskUs
Manila customer support outsourcing start-up TaskUs has received a $15 million series A round from the Philippines-based Navegar Fund.
Rocket Internet, PLDT set up online payments platform
Rocket Internet and Philippine Long Distance Telephone (PLDT) have agreed to form a joint venture mobile payments platform with a focus on emerging markets.
CVC returns $2b to investors from Asia deals in 2014
CVC Capital Partners returned $2 billion to investors from Asia-based investments in 2014 after completing three full or partial exits – which contributed $1 billion of the proceeds – in December.
RRJ, Jollibee secure Dunkin' Donuts China franchise
RRJ Capital has teamed up with Philippines-based quick service restaurant operator Jollibee Foods Corporation to launch Dunkin’ Donuts in China.
CVC to sell most of its stake in Philippines lender RCBC
CVC Capital Partners is set to make a partial exit from Rizal Commercial Banking Corporation (RCBC) as Cathay Life Insurance confirmed it had agreed to buy a 20% stake in the Philippines lender for PHP17.92 billion ($400.5 million).
GIC invests $391m in Philippines liquor producer Emperador
GIC Private has agreed to pay PHP17.6 billion ($391 million) for a 9.64% stake in Emperador (EMP), a Philippines-based liquor producer. Its parent is Alliance Global, a conglomerate controlled by local businessman Andrew Tan.
Hera Capital re-ups in Philippines-based Cashcashpinoy
Singapore-based private equity investor Hera Capital has committed an additional $2 million in a Series B round of funding for Cashcashpinoy, a Philippines-based online shopping platform.
The Philippines: SE Asia's next big thing?
The Philippines has emerged from relative obscurity to become private equity’s latest nascent consumer play in Southeast Asia. Deal flow is slow and uncertain as investors get to grips with the opportunity.
Ayannah banks on the unbanked
Explaining why cross-border remittances into the Philippines are not his core business, Mikko Perez points to Hong Kong’s Central district on a Sunday, when the domestic helpers are out in force. “It’s so cut throat – we are talking basis points of spread...
Gree Ventures backs Philippines payments business
Gree Ventures has participated in a Series C round of funding for Philippines-based digital payments business Ayannah. Wavemaker Labs, Golden Gate Ventures, IMJ Investment Partners and Beenos Asia also participated.
CVC-owned SPi to sell US healthcare business for $235m
SPi Global, a Philippines-based business process outsourcing (BPO) provider owned by CVC Capital Partners, has agreed to sell its US healthcare business to Conifer Health Solutions in a deal worth $235 million.