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New Deal


Announced

PLDT, KKR, Tencent and IFC to invest $120m in Voyager Innovations.

Financials

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Transaction Value£97m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

FinTech

Philippines

Acquisition

financial technology

Friendly

Pending

Single Bidder

Private

Minority

Synopsis

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PLDT, a telecommunications and digital services provider, and investment firms KKR, Tencent and IFC agreed to invest $120m in Voyager Innovations, a technology company in the Philippines, focused on customer-centric emerging market platforms for digital and financial inclusion. "In line with the country’s goals, we have made significant strides in spurring cashless adoption in a largely unbanked population. This funding boosts PayMaya’s ability to reach more Filipinos, especially as access to digital financial services becomes even more important," Orlando B. Vea, Voyager Innovations CEO and Founder.

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