Religare Capital Markets (RCM), the investment banking arm of Religare Enterprise Ltd, has signed an agreement with Manila-based FSG Capital to advice mid-sized companies in the Philippines on fundraising, the company has said.
FSG Capital, which is led by its chairman and president Mark Frondoso, provides equipment financing for clients in the mid-market sector, specialisng in transactions up to $10 million.
“Our combined domestic platform makes available – to both existing and emerging mid-cap enterprises – more options and greater flexibility as they seek cross border M&A opportunities and funding from the international capital markets,” said Frondoso.
RCM focuses on the Asian emerging markets and it is present in six countries in Asia-Pacific as well as London and Dubai. It is empaneled by over 450 institutional investors and has an active coverage of over 150 stocks across 16 sectors. Its services include institutional equity sales, special situations, equity research, equity capital markets, private financing and M&A advisory.
In Philippines, RCM’s advisory portfolio includes Travellers International Hotel Group, Philweb Corporation, Puregold Price Club Inc and STI Education.
(Edited by Joby Puthuparampil Johnson)