26/2/2026
Newsletter
Philippines deal activity in February 2026 remained modest, reflecting a continued shift toward mid-market transactions and selective capital deployment. Investment activity was primarily concentrated on financial services, healthcare services, and technology platforms, with investors focusing on businesses that benefit from structural domestic demand such as financial inclusion, healthcare capacity expansion, and digital services.
Private equity participation remained visible in healthcare platform investments, while corporate divestments and control transactions continued to shape activity in financial services and real estate. Venture funding also persisted at a selective pace, with investors prioritizing scalable technology platforms with regional growth potential.
BDO sells 70% stake in Dominion Holdings
BDO Unibank signed an agreement to sell 70% of Dominion Holdings Inc. (formerly BDO Leasing and Finance) to Monte Sur Equity Holdings for PHP2.54 billion (c. USD45 million). The transaction will be executed via a Philippine Stock Exchange block sale and will trigger a mandatory tender offer.
Article link: BDO sells 70% stake in Dominion Holdings
Forward Synergy acquires controlling stake in Keppel Philippines Properties
Forward Synergy Group agreed to acquire 86.83% of Keppel Philippines Properties Inc. from Keppel Ltd. and related shareholders for PHP472.7 million (c. USD8.4 million), transferring control of the listed property company.
Article link: Forward Synergy acquires controlling stake in Keppel Philippines Properties
Navegar and LeapFrog invest in Global Care Medical Center
Private equity firm Navegar and global impact investor LeapFrog Investments injected growth capital into Global Care Medical Center (GCMC) to support hospital expansion and acquisitions. The healthcare platform currently operates five hospitals with over 300 beds and plans to more than double capacity within the next 3–5 years. Investment amount not disclosed.
Article link: Navegar and LeapFrog invest in Global Care Medical Center
Note: (1) Deal values include disclosed announced & closed deals with amounts restricted to the local scene i.e., amounts related to the Vietnam entity and/or business. Rumored deals are not included. Cross-posted deals are also adjusted to avoid double counting.