British investor pours in $50M on Ayala-led outsourcing firm
A FOREIGN private equity firm has infused $50 million into Integreon Philippines, an Ayala-led outsourcing outfit, to help the latter expand its operations.
In a press briefing yesterday, Integreon President Erik Tabuena said the United Kingdom-based Actis would get two seats on the board of Integreon as a result of the investment.
“We are going to pursue expansion plans and part of the investment would go to a planned second site here in the Philippines. It [will] fund our growth initiatives and fuel market growth,” said Mr. Tabuena.
