By Chalida Ekvitthayavechnukul
The largest investment to date in a PH tech firm is also KKR’s first PE investment in the country.
Insignia Venture Partners, Silverhorn Investment Advisors, and tryb Group also participated in the round. The proceeds will enable First Circle to branch out nationwide and expand in other Southeast Asian markets.
The partnership with Osmanthus is expected to accelerate ONB’s ongoing thrust into the MSME market and further extend coverage into the unbanked and underserved markets.
The deal will provide AC Energy additional resources to finance the expansion of its domestic and offshore renewable energy businesses.
The Philippines is the fifth country in SE Asia where Grab rolls out its full suite of mobile wallet services.
Voyager is 100% owned by PLDT Inc, a Philippine-listed entity, through its subsidiary PLDT Communications and Energy Ventures Inc.
Investor concerns about high inflation and worsening China-U.S. trade tensions have weighed on the Philippines’ broader stock index. It has fallen 15 percent this year, the worst performer in Southeast Asia.
The Meloy Fund seeks to invest in fishing and seafood-related enterprises in Indonesia and the Philippines.
At the third edition of DEALSTREETASIA’s PE-VC Summit 2018, founder Robbie Antonio hinted at the possibility of Revolution Precrafted reaching a $10-billion valuation in three to four years.
The feedback from investor roadshows in Asia, Europe and the United States has been positive, San Miguel Corp President Ramon Ang said