Sidley is representing Aboitiz Equity Ventures (PSE: AEV) in formalizing its strategic partnership with Global Infrastructure Partners (GIP), a part of BlackRock, in Aboitiz InfraCapital, Inc. (AIC). GIP is expected to invest a total of PHP13.7 billion (approximately US$233 million) through a combination of a secondary share purchase from AEV and a primary share subscription in AIC. Upon completion of the transaction, GIP is expected to hold 40% of AIC, while AEV will retain a 60% controlling interest.
The strategic partnership reflects strong confidence in the Philippine infrastructure sector, supporting the continued growth and long-term development of AIC’s diversified infrastructure portfolio.
The transaction remains subject to the satisfaction of customary closing conditions.
The Sidley team was led by Alun Evans and Coco Liu, with support from Sarangan Rajesh Kumar.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
