The Philippines is seen able to close at least two private equity (PE) deals this year, despite the challenges brought by the COVID-19 pandemic.
According to United States-based management consulting firm Bain & Co., Inc., the Philippines might benefit in global efforts to diversify supply chains and focus on business process outsourcing (BPO) to cope with the economic decline.
“I think there’s going to be a slowdown [in PE deals] in 2020, but possibly, we’ll come out of this year with a couple or three deals in private equity in the Philippines and possibly go back up from there in 2021,” Bain Partner Alessandro Cannarsi told Business World.
“The Philippines is one of the few countries in the world, that according to the IMF (International Monetary Fund), can still pull off a positive GDP (gross domestic product) growth in 2020, which is good.”
Cannarsi added that sectors that have revenue in markets like the US such as BPO and information technology (IT) services could get a leg out in attracting PE investments interest.