| |
|
PRIVATE EQUITY
INVESTMENTS
BANCO DE ORO
The company
In 1976, the SM group of Mr.
Henry Sy acquired Acme Savings Bank, which then provided services
predominantly to suppliers of ShoeMart (SM). A year later, Acme Savings
Bank was renamed Banco de Oro Savings and Mortgage Bank (BDO) with the entry
of new shareholders and expanded its services and operations. BDO
was remained Banco de Oro in 1993 after it was authorized to operate as a
commercial bank. It gained approval eventually to operate as an expanded
commercial bank. In 2001, BDO was the twelfth largest bank in
terms of assets. www.bdo.com.ph
|
The
investment
On December 5, 2001, Cambridge
Pacific Fund, through NCP, acquired primary shares amounting to approximately
10% of the company.
The future
BDO is expected to go public in
2002. The IPO is projected to raise between P1.8 to P2.2 billion.
In addition, BDO completed a share swap sometime in October 2001. With
these two capital raising activities, BDO is expected to rise from the 12th to
the 8th largest bank in the Philippines in terms of assets. Back
to top MACONDRAY
investment page PLDT
investment page
FASTECH
investment page ELNIDO
investment page CHIKKA
investment page
|