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PH startup Great Deals E-commerce raises $30m Series B from Fast Group, CVC, Navegar Steve Sy (left), Founder & CEO of Great Deals E-commerce Corporation and William Chiongbian II, Group President and CEO of Fast Group. May 19, 2021 Great Deals E-commerce Corp, a Philippine-based e-commerce enabler founded by Alibaba eFounders fellow Steve Sy, has raised $30 million in its Series B funding round led by local logistics company Fast Group. The funding round, which followed the startup’s $12-million Series A fundraise in January 2020, also saw participation from private equity major CVC Capita...

Published May 19, 2021, 4:00 PM The Philippines’ #1 e-commerce enabler Great Deals e-commerce Corporation raised $30 million, approximately P1.4 billion, capital in its Series B funding round. The new capital infusion was led by Fast Group, a leading logistics firm in the Philippines with the support from CVC Capital Partners, one of the world’s largest global private equity firms with $118 billion in assets under management (AUM).  Navegar, a private equity firm that infused $12 million Series A fund into Great Deals, also contributed to this funding round.  The transaction was advised...

December 16, 2020 | 12:03 am Font Size AAA FAST LOGISTICS Group is planning to expand its existing facilities in the country and take part in the distribution of coronavirus vaccines, after CVC Capital Partners, a private equity and investment advisory firm, committed to invest P6 billion in the company. “The investment of CVC here amounting to P6 billion, which goes directly to the company, will be used to accelerate our growth here, including expansion of the present facilities that we have. We will definitely be investing also in digital transformation and technology, and lookin...

CVC Capital picks 40% stake in Philippines third-party logistics group Fast for $124m Premium Private equity major CVC Capital Partners is investing 6 billion pesos ($124 million) in Philippine-based third-party logistics firm Fast Group to fund the company’s domestic and regional expansion. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday REGISTER stories_lef...

Published December 16, 2020, 7:00 AM Leading global private equity firm CVC Capital Partners (CVC) is investing P6 billion to Fast Group (Fast), the Philippines leading end-to-end logistics player, to further boost Fast’s continued development and further expansion across the country.  Brice Cu, CVC Capital Partners managing director, revealed its infusion through CVC Capital Partners Asia IV at today’s formal announcement by Fast of the partnership. CVC now owns 40 percent of the partnership. Brice Cu, CVC Capital Partners managing director “We are committed to invest P6 billion. We ...