WYNDHAM PHILIPPINES PARTNERS
Realizing Its Portfolio Company Investments
Thus, in connection with Wyndham Philippines’ exit from each portfolio company investment, this will involve:
- Special dividends from the liquidity in hard currencies built up in each of the portfolio companies; alternatively, such cash can be made available for capital expenditures or possible add-on acquisitions
- Expansion of the portfolio company’s exit multiple, as a result of Wyndham Philippines’ value-enhancing strategies
- A broader range of exit strategies, and so greater liquidity, exists for Wyndham Philippines’ portfolio company investments, particularly a greater universe of potential international strategic buyers:
- Local and ASEAN competitors interested in consolidating their industry
- Opportunity for North American, European and other Asian companies to acquire debt-free, unencumbered, low-cost, leading companies in order to gain a toe-hold in the ASEAN bloc
- Each customer of a particular manufacturing portfolio company can acquire control of manufacturing, thereby capturing additional margin, gaining a competitive advantage by controlling an important supply source and removing a supply source from its competitors
- Financial buyers looking for growing, well-run, cash flow-generating businesses
- Public market IPOs in the Philippines, North America and/or Europe to access worldwide growing demand for emerging market equities
Wyndham Philippines intends to be amongst the first and leading investors to take advantage of Philippine investment opportunities, as the country is opening up to economic liberalization, deregulation, privatization and foreign investment in line with its ASEAN partners and other Asian countries.
|
|