- US investor Global Infrastructure Partners is eyeing a 40% stake in Aboitiz InfraCapital
- The deal is expected to be one of the most significant foreign equity investments in Philippine infrastructure in recent years, according to Aboitiz InfraCapital mother company Aboitiz Equity Ventures
US infrastructure investor Global Infrastructure Partners (GIP) is eyeing a 40% stake in Aboitiz InfraCapital, the infrastructure arm of the Aboitiz Group.
AIC holds a diversified portfolio of infrastructure assets, including significant investments in the aviation sector such as Mactan-Cebu International Airport, Laguindingan International Airport, and Bohol-Panglao International Airport. Beyond airports, AIC also has investments in bulk-water supply, economic estates, and telecommunication towers.
“This is expected to be one of the most significant foreign equity investments in Philippine infrastructure in recent years,” Aboitiz InfraCapital mother company Aboitiz Equity Ventures Inc. (AEV) said in a statement.
The partnership, it added, underscores growing global investor confidence in the Philippine market and reinforces the country’s standing as a prime investment destination in Asia.
“This collaboration marks a strong vote of confidence in the Philippines’ future. With global partners like GIP working alongside respected Filipino firms such as Aboitiz, we can build infrastructure that is more resilient, inclusive, and forward-looking,” said President Ferdinand Marcos, Jr., who was in a high-level meeting with AEV and GIP recently during his official working visit to the US.
“We are honored to explore this opportunity with Global Infrastructure Partners. Our shared vision of modern, world-class infrastructure aligns with the country’s ambitions for progress,” Aboitiz Group president and CEO Sabin Aboitiz said.
“Together, we aim to deliver projects that improve lives and empower communities,” he added.
A part of US multinational investment firm BlackRock, GIP specializes in investing in, owning and operating some of the largest and most complex assets across the energy, transport, digital infrastructure and water and waste management sectors. GIP’s scaled platform has over $183 billion in assets under management. Their focus on real infrastructure assets, combined with GIP’s deep proprietary origination network and comprehensive operational expertise, enables them to be responsible stewards of their clients’ capital and to create positive economic impact for communities.
“We are pleased to have the opportunity to become a strategic partner of the Aboitiz Group,” GIP chairman and CEO Bayo Ogunlesi said.
He added, “The Philippines has compelling growth prospects, which can be further enhanced by developing world-class infrastructure. We look forward to working with our partners at Aboitiz Group to leverage our combined capabilities to deliver best-in-class infrastructure services to the people of the Philippines.”
The parties believe this potential partnership will leverage their combined expertise and resources to develop and improve essential infrastructure, ultimately benefiting the Filipino people.
The finalization of the partnership is subject to entering into definitive documentation and the satisfaction of customary conditions including confirmatory due diligence and relevant approvals.
