Monday 11 December
Powered by Ajaxy
Feb 22, 2017 @ 10:30

Hector Navasero’s Philab gets P400M financing from Altus

 

Hector Thomas A. Navasero’s health and science company Philab Holdings Corp. has obtained a P400-million financing from Altus Capital Partners following the company’s follow-on stock offering.

The funding from Altus Capital, private equity firm affiliated with the International Finance Corp., will boost working capital to carry out contracts directed by various government agencies to Philab, Navasero’s 50-year-old healthcare and life science enabling firm.

“We are proud to support the outstanding development and long-term growth of Philab. They are a prime example of what we look to invest in: pioneering companies with products and services that have profound impact in the communities they serve,” Inquirer quoted Altus managing director Pavan Gidwani.

Shares in Philab, formerly Alterra, closed at P7.16 on Tuesday, down by 4.5 percent or 0.34 centavos versus previous date trading price.

Tags: , , , , , ,

Related Stories
Listed healthcare technology company Philab Holdings Corp. is acquiring two-thirds of local pharmaceutical firm Sydenham
Listed firm Alterra Capital Partners, Inc. is now officially Philab Holdings Corp., following the approval
Alterra Capital Partners Inc. said it aims to raise P4.7 billion capital through loans and
Industry giant BDO Unibank Inc. has extended at least P33 billion in financing to renewable


 

Trending News

Recommended on sister sites

Copyright © 2017 Bilyonaryo - bilyonaryo.com.ph.