Manila, 13 September 2023 – Deloitte announced today that Primeiro Partners (“Primeiro”) has joined the organisation in the Philippines, in a move to strengthen and transform its existing capability and market presence in the end-to-end M&A, Restructuring and Financing space, both locally and the wider Southeast Asia region.

Memorial care provider Forest Lake secured a P245 million private credit facility from ATR Asset Management Group (“ATRAM”) for the planned expansion of its memorial and death care services.

MANILA, Philippines — The Ayala Group has strengthened its logistics arm by increasing its cold storage capacity as part of its vision to be the leading real estate logistics and industrial parks developer and operator in the Philippines.

Philippine-listed technology firm Xurpas Inc. has agreed to acquire Wavemaker Partners US (“Wavemaker US”), a venture capital management firm based in Los Angeles.

Primeiro Partners is pleased to announce that Reynaldo Orsolino has joined as Director in its Investment Banking Practice. Reynaldo (“Rey”) has over 30 years of banking experience, serving senior roles in key banking institutions in the Philippines.

Red Planet Hotels, the leading developer and operator of budget hotels in Southeast Asia and Japan, has closed a top-up loan facility with Asia United Bank to fund the development of an ongoing project in Metro Manila.

Listed independent oil firm Phoenix Petroleum Philippines Inc. has teamed up with Wyoming-based Mesa Natural Gas Solutions Llc to promote the use of gas and support diverse energy mix.

Philippine-listed technology firm Xurpas Inc. has agreed to acquire Wavemaker Partners US (“Wavemaker US”), a venture capital management firm based in Los Angeles.

RXurpas Inc. (PSE:X) sold back its 51% shareholdings in Yondu Inc. to Globe (PSE:GLO) for ₱501 million in cash. The resulting transaction means Yondu will once more be a wholly-owned subsidiary of Globe.

Red Planet Hotels, through its Philippine subsidiary, has signed a PHP700 million loan facility with BDO Unibank, Inc. to fund planned and ongoing projects in Metro Manila, Philippines. The fundraising is part of Red Planet’s vision of continued expansion as the leading developer and operator of budget hotels in Southeast Asia and Japan.

On July 27th, Transcom Holding AB (publ) and its subsidiaries (”Transcom”), the global customer experience specialist, signed and closed the acquisition of Awesome OS, a leading niche e-commerce customer experience specialist.

Primeiro Partners is a leading independent investment bank in the Asia-Pacific region that advises clients on decisions that impact value creation. Managing Partners, Stephen Sieh and Lorenzo V. Tan, discuss how it can help investors to make the most from the opportunities in the Philippines, as well as their move into microfinancing.

ET Energy, a leading global clean energy developer and operator, and Vivant Corporation, a leading energy solutions provider based in the Philippines, sign an agreement to enter into a Joint Venture (JV) – ET Vivant Solar (EVC). The JV came about following initial introductions of the two parties made by Primeiro Partners, who also advised them on the formation of the JV, in December 2016.

Former Rizal Commercial Banking Corp. (RCBC) president and CEO Lorenzo Tan has joined leading Manila-based advisory firm Primeiro Partners as board advisor.

The Columbia University School of International and Public Affairs (SIPA), together with the Columbia University Alumni Association of the Philippines (CAAPH), partnered with the Bangko Sentral ng Pilipinas (BSP) to co-host a forum that highlighted economic strengths of the Philippines and impact of a Trump presidency on economies, among other issues.

Primeiro Partners Managing Partner, Stephen Sieh, shares his views in Latham & Watkins' Third Annual Investment Conference in the Shangri-La at the Fort. The panel discussion focused on the topic of maintaining investor confidence and creating cross-border opportunities relating to Duterte's 10-Point Socioeconomic Agenda.

The Development Bank of the Philippines (DBP) has granted a P4.375-billion loan to First Toledo Solar Energy Corp. to partially finance the construction of a 60-megawatt (MW) solar-power plant in Toledo City, Cebu.

CITICORE Power, a renewable energy (RE) company, expects to be awarded the feed-in-tariff (FIT) incentive for its 18-megawatt (MW) solar power project in Mariveles, Bataan which was inaugurated on Monday.

Century City Development Corporation (CCDC), a subsidiary of Century Properties Group, Inc. (CPGI) and Mitsubishi Corporation (Mitsubishi), one of Japan’s oldest leading conglomerates, have signed a joint venture agreement to develop the world’s first Forbes Media Tower, a 35-storey office building that will soon rise at Century City, Makati, Philippines.

Listed property developer Century Properties Group, Inc. (CPG:PM) (“Century Properties”) today announced the completion of its maiden retail bond offering.

Century Properties Group, Inc. (CPG) has secured funding for its mixed-use tower in Makati from an affiliate of one of the world’s largest private equity fund managers.

Primeiro Partners’ client Century Properties, recently won the 2014 The Asset Triple A Transaction - Treasury, Trade & Risk Management Awards for having the Best Structured Trade Finance Solution in the Philippines.

Primeiro Partners is a financial advisory firm based in Manila which provides independent strategic advisory services to leading companies, financial institutions and professional investors in the Philippines and the Asia-Pacific Region. Inside Investor wanted to hear more about the strategy from Stephen Sieh, managing partner of Primeiro Partners.

Primeiro Partners is pleased to announce the successful completion of a capital raising mandate for Century Properties Group (CPG or the “Company”), a dual-currency secured credit facility of up to PHP4.2 billion (approximately US$100 million).