Cloudstaff, TaskUs backer eyes major investments in PH
MANILA, PHILIPPINES — Private equity firm Navegar plans to make major investments in fast-growing businesses in the country over the next two years.
According to Navegar Co-founder and Managing Partner Nori Poblador, the Manila-based firm is optimistic about the continued post-pandemic recovery of the country’s economy and plans to ramp up its investments, despite macroeconomic concerns.
Poblador also mentioned the government’s support across fiscal policy, infrastructure, and various industries, which has created a stable business environment, drawing more interest and raising confidence among investors.
“Now is the time to provide the right support to the entrepreneurial community and help them drive progress,” he added.
The private equity firm played an instrumental role in fueling the growth of some of the nation’s most prominent market leaders.
With Navegar’s backing and in-house outsourcing expertise, outsourcing provider Cloudstaff pursued rapid expansion plans and built custom remote working solutions that enabled more small and midsize enterprises (SMEs) in the United States, the United Kingdom, and Australia to operate efficiently. The company was also able to increase its Filipino workforce.
Other Navegar beneficiaries include another outsourcing firm TaskUs, restaurant operator The Bistro Group, e-commerce enabler Great Deals, and logistics company Royale Cold Storage by offering capital and strategic guidance.
Javier Infante, Navegar’s other Co-founder and Managing Partner, said they expect more companies to “rise into the limelight, presenting an excellent window for investments that can catapult them to new heights and help them deliver substantial impact.”
TaskUs and Cloudstaff recently secured the #17 and #56 places in the Time Doctor OA500, the first objective index of the world’s top 500 outsourcing companies.
Cloudstaff is also subscribed to the OA Source Partner Program, a powerful tool that helps BPO firms with marketing, sales, and business intelligence.
