Already seeing good deals abound in the Philippines, CVC Capital Partners bought a 15% stake in local bank RCBC last year. In February, CVC bought Spi, a business process outsourcing (BPO) unit, from Philippines’ Long Distance Telecommunication Company. The sale should be completed in March.
Japanese corporates have started to look for business opportunities in the Philippines as well. Following the nuclear accident at Fukushima and the floods in Thailand, Japanese manufacturing companies need to diversify regional operations.
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