The gateway between Europe & Asia

 —

Newsletter

Newsletter by Index-Asia

Some of the latest selected deals of the area:

[Fintech] [Acquisition] Alipay Singapore and Ayala propose to acquire, by subscription, new common shares of Globe Fintech Innovations, Inc. (“Mynt”) with closing stake 45.0% and 10.0% respectively.
Read more http://phcc.gov.ph/commission-decision-no-21-m-005-2017-acquisition-alipay-singapore-holding-pte-ltd-shares-globe-fintech-innovations-inc/

[Fintech] [JV] Express Holdings has formed a fintech joint venture Oriente-Express with China-based Oriente, to address the underbanked consumers and small businesses in the country.
Read More https://www.dealstreetasia.com/stories/philippines-jg-summit-unit-chinas-oriente-form-fintech-jv-79334/

[Fintech] [Fundraising] PawnHero closed a $9.7 million financing deal with a Philippine investment bank even as it signed a partnership agreement with the fintech arm of telco giant PLDT, FINTQ.
Read more https://www.dealstreetasia.com/stories/philippines-pawnhero-bags-9-7m-financing-deal-partners-pldt-fintech-arm-80709/

[TMT] [Acquisition] Menlo Capital Corp, an investment house in the Philippines, has ventured into the telecom business with its acquisition of Philippine Telegraph & Telephone Corp (PT&T).
Read more https://www.dealstreetasia.com/stories/philippines-menlo-capital-ventures-into-telco-buys-ptt-81142/

[TMT] [Acquisition] Philippine conglomerate Sterling Paper Group of Companies has acquired, for an undisclosed sum, local internet services company Openovate Labs and its e-commerce business Galleon.ph.
Read more https://www.dealstreetasia.com/stories/ph-sterling-paper-openovate-galleon-81002/

[Finance] [Debt] BDO Unibank Inc (BDO) is raising $700 million through a senior notes issue, the largest single issuance by a Philippine bank.
Read more https://www.dealstreetasia.com/stories/philippines-bdo-raising-700m-via-notes-issue-81446/

[Finance] [Acquisition] GT Capital Holdings Inc has entered the microfinance business after acquiring a 20% stake in a joint venture company between Sumitomo and Philippine Savings Bank.
Read more https://www.dealstreetasia.com/stories/philippines-gt-capital-forays-into-micro-financing-gets-20-stake-in-sumitomo-psbank-jv-79893/

[Energy] [Acquisition] P-H-O-E-N-I-X Petroleum Philippines proposes to acquire 100% of the issued and outstanding capital stock of Petronas Energy Philippines and Duta.
Read more http://phcc.gov.ph/commission-decision-no-19-m-027-2017-acquisition-phoenix-petroleum-philippines-inc-shares-petronas-energy-philippines-inc-duta-inc/

[Energy] [Acquisition] The Philippines Renewable Energy Holdings Corporation has offered to acquire up to 31.7% stake in Energy Development Corp pegged at $1.2 billion.
Read more https://www.dealstreetasia.com/stories/philippines-re-holdings-buying-first-gens-edc-stake-for-up-to-1-2b-79445/

[Real Estate] [JV] Rockwell Land Corporation and Mitsui Fudosan formed JV Rockwell MFA Corporation, with 80% and 20% respectively.
Read more http://phcc.gov.ph/commission-decision-no-23-m-029-2017-joint-venture-rockwell-land-corporation-mitsui-fudosan-asia-ptd-ltd/

[Real Estate] [Series A] Workplace developer The Net Group Corp has led a $2.1-million series A round in Flyspaces, a Philippine-based startup that provides work and meeting space solutions. An undisclosed local PE firm and top property developers also joined the round.
Read more https://www.dealstreetasia.com/stories/philippines-net-group-leads-2-1m-series-a-round-in-flyspaces-80000/

[Manufacturing] [JV] San Miguel and Northern Cement have agreed to organize and establish a 70%-30% joint-venture corporation for the development of a cement plant and manufacturing and sale of cement and other products.
Read more http://phcc.gov.ph/commission-decision-no-20-m-028-2017-joint-venture-san-miguel-corporation-northern-cement-corporation/

[Manufacturing] [Acquisition] Acquisition by JT International SA and JT International (Philippines) Inc. of the Assets of Mighty Corporation and Wong Chu King Holdings Inc.
Read more http://phcc.gov.ph/commission-decision-no-22-m-030-2017-acquisition-jt-international-sa-jt-international-philippines-inc-assets-mighty-corporation-wong-chu-king-holdings-inc/

[Infrastructure] [Acquisition] US-based Aclara has acquired GE’s majority equity position in its joint venture firm, GEPMICI, with Meralco. GEPMICI is touted as the market leader for electric meters in the country.
Read more https://www.dealstreetasia.com/stories/philippines-aclara-acquires-ges-majority-stake-in-meralco-jv-79481/

[Infrastructure] [Restructuring] Aboitiz consolidates all its water investments under its infrastructure unit Aboitiz InfraCapital after 2 acquisitions of LiMA Water Corporation and 11.13% minority of Balibago Waterworks System.
Read more https://www.dealstreetasia.com/stories/philippines-aboitiz-consolidates-water-companies-after-two-new-acquisitions-79515/

[Agriculture] [Acquisition] Aboitiz Equity Ventures food arm Pilmico International acquired 70% of the outstanding shares of Eurofeed to expand its animal feed business in Vietnam.
Read more https://www.dealstreetasia.com/stories/philippines-aboitiz-equity-unit-takes-over-vietnam-based-eurofeed-79681/

[Agriculture] [Acquisition] Philippine-based Millennium Global Holdings Inc (MGHI) is set to take over 81 per cent controlling stake in local agribusiness conglomerate Calata Corp.
Read more https://www.dealstreetasia.com/stories/philippines-mghi-to-take-over-agribusiness-conglomerate-calata-80534/

[Logistics] [IPO] Chelsea Logistics raises $100.8 million via IPO
Read more https://www.dealstreetasia.com/stories/philippines-chelsea-logistics-raises-100-8m-in-ipo-debut-79796/

[Fashion] [Acquisition] Ayala Corp has completed its acquisition of Global Fashion Group’s (GFG) 49% stake in Zalora Philippines.
Read more https://www.dealstreetasia.com/stories/ayala-completes-acquisition-in-zalora-philippines-81437/

[Health care] [Partnership] Ayala, GE invest P1.3 billion to open 100 clinics by 2020 to achieve its goal of establishing a chain of community-based clinics.
Read more http://bworldonline.com/ayala-ge-invest-p1-3b-open-100-clinics-2020/