Diversification Plays for Leading Family Conglomerate
Fortman Cline has assisted the Philippines’ prominent Sy Family in diversifying their business holdings into energy and utilities. In 2010, it advised Henry Sy Jr. to acquire a 30% stake in National Grid Corp., the nation’s transmission company, for US$350 million. In 2012, it advised the Sy Family’s holding entity, SM Investments Corp., to acquire a 60% stake in Chevron’s geothermal assets in the country.
Diversification into Geothermal Assets and Power Transmission
