Index Partners

Exploring the Future of Renewable Energy in the Philippines 🌍⚡ We’re pleased to share our latest insights into the dynamic and rapidly evolving energy landscape in the Philippines. This comprehensive guide provides critical information on the opportunities and challenges ahead as the country intensifies its shift towards renewable energy. Key Messages: 🔅 Energy Mix Transition: The Philippines is on track to significantly diversify its energy mix, reducing dependence on fossil fuels and increasing the share of renewables up to 50% of the generation by 2050. Solar and wind are expected to be the primary drivers of this transition. This will reduce reliance on imported fuel, but will also create challenges (and opportunities) fro the grid stability and will require further investments in energy storage, grid enhancements and backup systems. 🏦 Policy and Regulatory Support: Our analysis outlines the robust policy framework supporting renewable energy, including the Renewable Energy Act and recent amendments allowing 100% foreign ownership in renewable energy projects. These policies are designed to attract more investments and accelerate green energy projects. The government also offers a range of incentives to renewable energy developers, such as tax holidays, duty-free importation of equipment, and special realty tax rates, which are crucial in making projects financially viable. 🏹 Market Entry Strategies: For investors, we highlight strategic pathways to enter the Philippine market, emphasizing the importance of local partnerships, regulatory navigation, and financing solutions tailored to the unique needs of renewable projects. This resource is invaluable for anyone looking to understand the renewable energy landscape in the Philippines and explore investment opportunities in this growing market. Let’s continue to collaborate and drive the energy transition forward. For more information and partnership opportunities, reach out to us at [email protected] #RenewableEnergy #Philippines #CleanEnergy #EnergyTransition #Sustainability #IndexPartners

🌟 Vietnam & Philippines Market Highlights - July 2024 🌟 In July 2024, the Vietnamese market saw selective activity across key sectors, while the Philippines experienced a surge in investment, with significant transactions totaling approximately USD 1.5 billion. 🇻🇳 Vietnam: ⚡ Energy FMO - Dutch entrepreneurial development bank committed USD 30 million to the greenfield renewable energy platform under SUSI Partners, focusing on wind and solar projects in Vietnam and the Philippines, targeting an operational capacity of 200-300MW. 🎥 Telecommunication & Media A Morgan Stanley-managed fund led a USD 15.5 million Series B investment in METUB, a leading digital content publisher and YouTube multi-channel network in Vietnam. 🇵🇭 Philippines: ⚡ Energy & Utilities COSCO Capital Management LLC is expanding its renewable energy investments by acquiring 100% of Matuno River Development Corp., developer of the Matuno River hydroelectric power plant. Maynilad Water Services, Inc. is preparing for an IPO by 2025, reflecting its growth ambitions in the utilities sector. ACEN secured a USD 150 million green term loan from Sumitomo Mitsui Banking Corporation – SMBC Group to support its renewable energy projects, underscoring the sector's momentum. 🎥 Telecommunications & Media Equinix is extending its digital infrastructure platform to the Philippines with the acquisition of three data centers, enhancing the region’s digital capabilities. A-Flow Properties I Corp., a Joint venture between FLOW Digital Infrastructure and AYALA LOGISTICS GROUP, secured a PHP 2.4 billion loan from Land Bank of the Philippines to develop a data center campus in Laguna, reinforcing the country’s growing digital ecosystem. 💊 Healthcare Kindred Health Inc. raised USD 5.5 million in a pre-Series A round by Integra Partners to advance femtech solutions, aiming to transform women’s healthcare. Hive Health (YC S21) secured USD 6.5 million to expand digital health insurance access for SMEs, backed by investors BEENEXT and Gentree Fund. 🏢 Real Estate DoubleDragon Corporation successfully raised PHP 10 billion (~USD 170.2 million) through a retail bond offering, fueling its development projects. Ayala Land, Inc. received a sustainability-linked financing package worth up to PHP 14.5 billion (~USD 284.4 million) from IFC - International Finance Corporation to support green development initiatives. https://lnkd.in/erUncm4w #Vietnam #Philippines #Investment #MergersAndAcquisitions #Energy #Telecommunications #Healthcare #RealEstate #Growth #Sustainability

🚀 Exciting News from Index Partners We are thrilled to announce that Aljon Del Rosario is joining our leadership team as our new Director, where he will spearhead the expansion of our #DigitalInfrastructure and #RenewableEnergy practice. Aljon began his career in sell-side investment banking at Index Partners (so he is coming back home!) before joining Vena Energy, a leading renewable energy company in the Asia-Pacific region. During his time there, he played a pivotal role in several high-impact projects, including supporting the successful bidding for wind and solar projects under the Green Energy Auction Program and building strong familiarity on PPA markets. He was also instrumental in securing financing and managing joint venture investments for large-scale wind and solar projects across the Philippines. Aljon's experience also includes overseeing asset management for more than 330 MW of operating wind and solar power plants across Luzon, Visayas, and Mindanao. No doubt that he will be a solid asset to our clients and team. His leadership will enhance our capabilities in M&A, strategic consulting, and project financing, driving impactful and sustainable projects across the #Philippines and beyond. Aljon's appointment reinforces Index Partners' commitment to fostering growth in the infrastructure and renewable energy sectors. We are confident that, under Aljon Del Rosario direction, Index Partners will continue to deliver exceptional value and innovation to our clients and stakeholders.

🌴 Index Partners Team Retreat in Boracay: Bonding, Vision, and Strategy 🌴 Last week, most of the Index Partners team gathered on the beautiful island of Boracay for a remarkable 4-day retreat that combined fun, reflection, and learning. From island hopping, ATV adventures, and unforgettable dinners to dynamic seminars and training sessions. This retreat was more than just a getaway; it was a chance to reflect on our journey since 2016 with more than 50 successful closings to date. It also allowed us to realign with our vision of becoming the leading corporate financial advisory boutique in emerging economies, supporting the growth of frontier markets. We took this opportunity to re-align the team around: (i) our key sectors: Consumer & Retail, Healthcare, TMT/Digital Infrastructure, and Renewable Energy, and, (ii) our core values: Excellence, Client-First, and Integrity. By combining the beauty of Boracay with deep strategic discussions, we have returned to the office with renewed energy and a unified company vision to continue delivering outstanding value to our clients across Southeast Asia, EMEA and beyond. Cheers to the future of Index Partners and the amazing team that makes it all possible! 🚀 hashtag #TeamRetreat #IndexPartners #InvestmentBanking #EmergingMarkets #TeamBonding #Excellence #ClientFirst #Integrity

📈 Philippines M&A Market Trends The M&A landscape in the Philippines is demonstrating strong resilience and growth despite global economic uncertainties. While global M&A activity saw a decline in both volume and value, the Philippine market exhibited a contrasting trend. Globally, M&A deal value dropped by 30% from 2021 to 2023, while the number of deals also fell. In contrast, the Philippines maintained a robust M&A environment, driven by strategic investments in high-growth sectors. 🍔 Consumer & Retail: The implementation of the 2022 Retail Trade Liberalization Act, which allows 100% foreign ownership and lowers the minimum capital requirement, has significantly boosted M&A opportunities. This has led to increased consolidation and market expansion efforts by both local and foreign firms. Notable transactions include Diageo acquisition of Don Papa Rum, reflecting the growing interest in premium local brands for enhancing the global portfolio of consumer goods. 🗼 Telecommunications, Media, and Technology (TMT): The Common Tower Policy and efforts to expand digital connectivity have spurred investments in telecom infrastructure. The demand for data centers is growing rapidly due to digital transformation, creating substantial M&A opportunities. Noteworthy transactions include Equinix acquisition of data centers from TIM, or the acquisitions of Smart Communications, Inc. and Globe Telecommunications, Inc. Towers by various tower companies. 💊 Healthcare: The healthcare sector remains active with significant investments aimed at expanding medical services and infrastructure. Major moves include CVC acquisition of a majority stake in The Medical City Clinic, highlighting the sector's attractiveness to both local and international investors. ☀ Renewable Energy: The push towards renewable energy is evident with multiple high-value deals, aligned with the government's goal to have 50% of the country's power sourced from renewables by 2030. For instance, Singapore’s sovereign wealth fund GIC invested significantly in ACEN renewable projects, emphasizing the sector's pivotal role in the country's energy strategy. Index Partners is uniquely positioned to drive and advise on M&A transactions in the Philippines and other emerging markets. Our extensive experience across key sectors such as Consumer & Retail, TMT, Healthcare, and Renewable Energy allows us to provide tailored financial advisory services to ensure the successful execution of deals. For more insights and updates on market trends and strategic opportunities, reach out to us at [email protected] 🔗 #Philippines #MandA #InvestmentBanking #ConsumerRetail #Telecom #Healthcare #RenewableEnergy #IndexPartners #EmergingMarkets

🚀 Exciting Q2 2024 Update from Index Partners! We are thrilled to share the great performance and significant milestones achieved by Index Partners in Q2 2024, building on the investment and robust growth experienced in Q1 2024. 📈 Q2 Highlights: Secured transactions exceeding USD 100 million, demonstrating strong closing momentum. Expanded our team with seven new hires across all offices to support our growing operations. 🌟 Key Achievements: Successful opening and development of our London office in Q1 pursued in Q2, enhancing our global footprint and coverage of EMEA. Ongoing projects across our key verticals (Consumer & Retail, TMT, and Healthcare) valued at over USD 700 million. Continued recognition by the market as experts in retail and digital infrastructure (articles link in comments). 🔮 Looking Ahead: With the momentum carried from the first half of the year, we are confident in achieving a strong year-end performance. Our strategic initiatives and expansion efforts position us well to capitalize on emerging opportunities in Southeast Asia and beyond. Thank you to our dedicated team and valued clients for their continuous support and trust in Index Partners. Stay tuned for more updates as we continue to drive growth and build a leading M&A boutique in emerging markets. #IndexPartners #Q22024 #Growth #InvestmentBanking #SoutheastAsia #EmergingMarkets #EMEA #Africa #TMT #Retail #Healthcare For more details on our recent transactions and strategic initiatives, connect with us on LinkedIn, through e-mail at [email protected] or on our website (https://lnkd.in/e5NA94MQ).

🇻🇳 The new Law on Telecommunications is out and set to significantly boost foreign investments, especially in the data centre industry. As highlighted in a recent Vietnam Investment Review article, featuring insights from Julien Curtet, a partner at Index Partners, this regulatory change provides a clearer legal framework, encouraging increased investment into the sector. Vietnam's data centre industry is projected to reach $1.83 billion in 2024. While being driven by increased digital adoption and connectivity, it still lacked a clear regulatory framework. This updated law clarifies the situation and opens up vast opportunities for joint ventures between local developers and international operators, paving the way for substantial growth and innovation in the industry. This legislative change not only clarifies the path for foreign investment but also aligns with Vietnam's broader strategy to enhance its digital infrastructure. The article underscores the potential for Vietnam to become a central hub for data centres in the region, capitalizing on the country's strategic location, burgeoning digital economy and tech-savvy population. Dive deeper into this transformative change and explore the promising future of Vietnam's digital landscape! #Investment #DataCentre #Vietnam #Telecommunications #IndexPartners #Innovation #Growth #ForeignInvestment #DigitalTransformation 🔗https://lnkd.in/eJ_4zKnu

We're excited to share the key deals that have shaped the business landscape in both the Philippines and Vietnam this June. 🇵🇭 Philippines Highlights: SM Prime Holdings, Inc. successfully raised $42.5 million through its fixed-rate retail bond offering to refinance existing debt obligations and expand its property portfolio. IFC - International Finance Corporation invested $7 million in fintech company First Circle to boost lending to SMEs in the Philippines. PLDT is finalizing the sale of 49% of its data center business to Japan's NTT for more than $1 billion 🇻🇳 Vietnam Highlights: Public Bank Vietnam Limited completed the acquisition of RHB Securities Vietnam for $15.2 million, expanding its financial services offering to include securities trading. Vigo Retail secured $7.5 million in funding led by Argor Capital Management to enhance its retail operations and expand its market presence For more insights and detailed discussions, visit our website or reach out to us directly! https://lnkd.in/eBVXJ5N9 #InvestmentBanking #SoutheastAsia #Philippines #Vietnam #Telecommunications #Healthcare #Energy #IndexAsia #CorporateFinance #MergersAndAcquisitions

🚀 Digital infrastructure revolution is underway in Emerging Asia, driving significant developments, especially in the telecom tower market. Here are some key insights on this market: ✨ Rapid Growth: The telecom tower market in Emerging Asia has seen substantial growth, with MNOs shifting ownership to TowerCos through Sale & Leaseback and Built-To-Suit initiatives. This transition is driven by decreasing ARPU, increasing costs, and the need for heavy investment to support 5G deployment. 💵 Investment Opportunities: There is a substantial digital infrastructure gap, with experts estimating that a lot of additional towers are needed to meet coverage goals in underserved areas. This presents significant opportunities for TowerCos. 🏛 Regulatory Support: Policies such as the 2020 Common Tower Policy in the Philippines or the 2023 Revised Law on Telecommunications in Vietnam as well as recent regulatory updates encourage shared infrastructure use, attracting independent TowerCos and facilitating faster network deployment. Each market has its specificities, namely: ID - Indonesia: Leading with over 95% TowerCo penetration, Indonesia's market benefits from supportive policies, high 5G adoption rates, and investment prospects in rural areas. VN - Vietnam: Despite limited TowerCo presence, Vietnam's market is poised for growth with government initiatives promoting 5G and infrastructure sharing. PH - Philippines: Set for growth with policy reforms and increased competition, the Philippines' market is transitioning towards higher TowerCo ownership to improve nationwide coverage. At Index Partners, we are committed to empowering digital connectivity and driving economic and sustainable growth in digital infrastructure. Join us in shaping the future of telecommunications in Emerging Asia! For more information and partnership opportunities, reach out to us at [email protected] #Telecom #DigitalInfrastructure #InvestmentBanking #EmergingMarkets #IndexPartners #Vietnam #Philippines #Deal #MA #mergersandacquisitions

📣 Exciting Deal Announcement 📣 We are thrilled to congratulate our client, Communication and Renewable Energy Infrastructure (CREI), and the investors Facility for Energy Inclusion and Finnfund, on the successful signing of a USD20 million financing to support CREI's Telecom ESCO project in South Sudan.    This landmark transaction includes a USD15 million bridge facility from Facility for Energy Inclusion and a USD5 million mezzanine loan from Finnfund. This funding will enable CREI to develop, build, operate, and maintain renewable energy assets, providing "energy as a service" to a key telecom stakeholder in South Sudan.    This transaction underscores Index Partners commitment to supporting sustainable development and digital connectivity across emerging markets globally. We are proud to have been part of this journey, further solidifying our expertise in telecom infrastructure investments and M&A in emerging markets.    #InvestmentBanking #TelecomInfrastructure #EmergingMarkets #SustainableDevelopment #RenewableEnergy #IndexPartners #CREI #FEI #Finnfund https://lnkd.in/evMNrU-b https://lnkd.in/dsBy2TnT