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.
Fortman Cline Capital Markets is a Hong Kong-based management consultancy firm focused on providing strategic advisory services to emerging conglomerates operating in specialized industries in Southeast Asia and owner-managers seeking finance ranging from private equity, joint ventures, M&A, and that are further looking for strategic and family succession advice.