Sidley Austin LLP and Latham & Watkins advise on Global Infrastructure Partners’ PHP 13.7 billion strategic investment in Aboitiz InfraCapital.

Aboitiz Equity Ventures, Inc. (AEV) has entered into a strategic partnership with Global Infrastructure Partners (GIP), part of BlackRock, pursuant to which GIP will acquire a 40% stake in Aboitiz InfraCapital, Inc. (AIC) for a total investment of PHP 13.7 billion (approximately US$233 million).

The investment will be made through a combination of a secondary share purchase from AEV and a primary share subscription in AIC. Upon completion, GIP is expected to hold a 40% interest in AIC, while AEV will retain a 60% controlling stake. The transaction underscores strong investor confidence in the Philippine infrastructure sector and remains subject to customary closing conditions and regulatory approvals.

Sidley Austin LLP represented Aboitiz Equity Ventures and Aboitiz InfraCapital on the transaction. The Sidley team was led by Partners Alun Evans and Coco Liu, with support from Sarangan Rajesh Kumar.

Latham & Watkins advised Global Infrastructure Partners, part of BlackRock, on its acquisition of the 40% stake in Aboitiz InfraCapital. The Latham team was led by Singapore Partner Sidharth Bhasin, with support from Counsel Carolyn Wong and Associate Jonathan Wah.