Mets Logistics Inc. and Growtheum Capital Partners (GCP) announced a P7-billion strategic partnership to support Mets’ expansion in the cold storage logistics sector across the Philippines.
“GCP’s experience in supporting management teams across diverse sectors makes them a valuable collaborator for us. This investment will further our expansion plans and help us enhance our cold chain logistics capabilities, providing greater value to our customers and stakeholders” said Mets chairman and president Eduard Tio.
Mets, a Philippines-based provider of cold chain solutions, operates cold storage facilities across the country with a total capacity of about 100,000 pallet positions.
Both Mets and GCP share a commitment to sustainable growth and creating long-term value by addressing the shortage of reliable, high-quality cold storage services in the Philippines.
Mets maintains a strong presence in key regions across Luzon, Visayas, and Mindanao, focusing on improving food security by ensuring the safe storage and transport of perishable goods through efficient and reliable cold storage solutions.
“Mets’ core business and solid market position align with our investment strategy, and we look forward to working together with the founders and management to achieve their goals and leadership in the sector,” said GCP managing partner Amit Kunal.
Singapore-based GCP is a private equity firm targeting investments primarily in Southeast Asia.
The closing of the investment is subject to necessary regulatory approvals. PwC Philippines serves as Mets’ financial, tax and legal advisor for the transaction.
