Investment Banking
Control Sale and Recapitalization II

Fortman Cline Capital Markets advised AIR21 Holdings Inc. (“AHI”) on the sale of 60% of AHI to AC Logistics Holdings Corporation (“ACL”). AHI is a holding company owned by the Lina Family and consists of eight subsidiaries involved in end-to-end logistics and waste management. ACL is a fully owned subsidiary of the Ayala Corporation, the Philippines’ oldest conglomerate.

The transaction involved a secondary share sale and a rights issue for a total deal value of PHP 6 billion. Fortman Cline’s advisory work spanned the entire M&A process from start to finish and included various corporate reorganization initiatives.