Aboitiz InfraCapital (AIC), controlled by conglomerate Aboitiz Equity Ventures, has locked in its biggest deal to date, with global investor Global Infrastructure Partners, part of global asset manager BlackRock, buying into the business at a P34 billion valuation.
This gives GIP a 40 percent stake in AIC, while AEV keeps a controlling 60 percent stake.
What’s the deal about?
Under the deal terms disclosed on Friday, GIP will invest P13.7 billion.
Of this amount, around P4.6 billion will go directly to AIC, while Aboitiz Equity cashes out with over P9 billion from the sale of secondary shares.
The transaction remains subject to Philippine Competition Commission approval, contractual conditions, and approval of AIC’s capital increase.
Management’s view
“GIP brings deep global expertise across energy, transport, digital infrastructure, and utilities, which will strengthen AIC’s ability to scale, deliver faster, and create long-term value,” said Sabin M. Aboitiz, Aboitiz Group CEO.
Aboitiz bags global fund manager
GIP, a leading global infrastructure investor with over $183 billion in assets under management, specializes in energy, transport, digital infrastructure, and water and waste management.
“This collaboration reflects our shared commitment to supporting long-term, sustainable growth across the country,” said Ray Nadarajah, emerging markets partner at GIP.
“By combining our global investment capabilities with Aboitiz’s deep local expertise, we aim to help deliver essential infrastructure that strengthens communities, drives economic progress, and creates lasting value,” he added.
Led by CEO Cosette Canilao, AIC was established in 2015 as the infrastructure arm of Aboitiz Equity Ventures, whose diversified portfolio spans power, banking, food, and real estate.
A few years ago, it made its biggest investment yet when it acquired the Mactan-Cebu International Airport concession from the Megawide Construction–GMR Infrastructure consortium.
AIC also operates the Laguindingan and Bohol-Panglao International Airports.
Water, cell towers
Its water platform includes estate water utilities and Apo Agua, the country’s largest bulk water facility in Davao serving more than one million residents, as well as a minority stake in Balibago Waterworks.
In digital infrastructure, AIC is building telecom towers nationwide through Unity Digital Infrastructure, a joint venture with Partners Group, and developing hyperscale-ready data centers with EdgeConneX.
Its economic estates, LIMA in Batangas, MEZ2 and West Cebu in Cebu, and TARI in Tarlac, cover more than 2,000 hectares, anchoring long-term industrial growth.
—Edited by Miguel R. Camus
