Acquisitions in Philippines

TPG's The Rise Fund signed definitive documentation to lead a significant strategic investment in BillEase by leading the company's Series C equity financing round. Existing investor Burda Principal Investments also participated in the round to support BillEase's growth and expansion of its digital consumer finance and BNPL offerings in the Philippines.

Vervent acquired Smiles on Demand, a business process outsourcing (BPO) company in the Philippines, to expand and scale its contact center and servicing offerings. The deal broadens Vervent’s capabilities beyond regulated financial servicing into more traditional customer service work, adding expanded hours and increased staffing for voice and non-voice support.

Macquarie Capital announced the financial close of its investment in Phil-Tower Consortium Inc (PhilTower), an independent shared digital infrastructure (tower) company in the Philippines. The investment is intended to support PhilTower’s continued rollout and geographic expansion to help mobile network operators expand 4G/5G coverage across the country.

Concentric Equity Partners (CEP) has invested in ENTECH Global Solutions, a Philippines-based provider of integrated pest management, professional cleaning, and environmental services. The investment is intended to support ENTECH’s growth strategy, including expansion toward a multi-national pest control and facilities services platform. Financial terms were not disclosed.