16/4/2026
Newsletter
Philippine deal activity in March 2026 showed a pickup, driven by large-cap public-to-private transactions, selective platform acquisitions, and early-stage fundraising activity.
Activity was anchored by consumer sector consolidation, continued capital recycling via REIT structures, and private investments into education and F&B platforms, reflecting sustained focus on domestic consumption and yield-generating assets.
KKR-backed PHINMA Education acquires 85% stake in Southeastern Colleges
PHINMA Education acquired a majority stake in Southeastern Colleges for USD5.9 million expand affordable education in the Philippines, strengthening its nationwide network and targeting underserved students through scalable, low-cost private higher education.
Article link: KKR-backed PHINMA Education acquires 85% stake in Southeastern Colleges
JE Holdings proposes take-private of Robinsons Retail
JE Holdings proposed to acquire the remaining 53.9% stake in Robinsons Retail Holdings (RRHI) via a tender offer at PHP48.30/share, implying a transaction value of PHP27.7 billion (USD495.0 million) and resulting in a planned voluntary delisting.
Article link: JE Holdings proposes take-private of Robinsons Retail
Pickup Coffee raises funding via convertible note
Pickup Coffee issued up to USD8.0 million in convertible notes to existing investor Venturi Partners and new investor Antler, as the company prepares for a larger equity fundraising round targeting USD20-40 million. Proceeds will support store expansion and operations of its grab-and-go coffee chain in the Philippines.
Article link: Pickup Coffee raises funding via convertible note
Maharlika completes acquisition of stake in Asian Terminals Inc.
Maharlika Investment Corporation completed the acquisition of a stake in Asian Terminals Inc. (ATI) as part of its strategic investment program. Transaction value was not disclosed.
Article link: Maharlika completes acquisition of stake in Asian Terminals Inc.
MREIT secures approval for asset acquisitions (Wave 4)
MREIT obtained regulatory clearance for its Wave 4 asset infusion from sponsor Megaworld, valued at USD271.6 million, involving nine office buildings with a combined gross leasable area (GLA) of approximately 165,500 sqm, all located within the McKinley Hill township. The transaction supports portfolio expansion and recurring income growth.
Article link: MREIT secures approval for asset acquisitions (Wave 4)
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.