A.P. Moller Capital to Acquire 40% Stake in Ayala Group's Logistics Arm

A.P. Moller Capital, through EMIF II Holding III B.V., has entered into an agreement to acquire up to 40% of the Ayala Group's logistics arm, AC Logistics, subject to the parties agreeing on the final subscription price and satisfaction of several conditions precedent, including securing regulatory approvals and achievement of certain business milestones. AC Logistics, founded in 2021 as a wholly owned subsidiary of Ayala Corporation, offers customers integrated solutions centered around cold chain, contract- cross border- and project logistics.

Funds managed by A.P. Moller Capital have strong track records of building successful businesses in the transport sector across the globe. Should the collaboration between A.P. Moller Capital and Ayala Corporation come to fruition, it will unite two organizations with complementary expertise and a common vision as it aligns with Ayala Corporation’s ethos of “building businesses that enable people to thrive” as well as A.P. Moller Capital’s purpose of “doing well while doing good”  

A.P. Moller Capital and Ayala Corporation’s planned investment is intended to allow AC Logistics to scale operations and strengthen its service offerings. This will allow AC Logistics to better address the growing and increasingly more complex logistics requirements of a fastgrowing economy by helping businesses build cost-efficient supply chains while contributing to greater food security across the country.  

“A country of 7,000 islands requires considerable logistics infrastructure, and we would like to help address this need. Working together with partners like A.P. Moller Capital, we believe we can provide real solutions.” said Cezar P. Consing, President and CEO of Ayala Corporation.  

“AC Logistics has, in a short period, grown to be an important player in the logistics sector in the Philippines. We are proud and looking forward to work alongside AC Logistics and Ayala Corporation to accelerate growth and continue to provide customers with market leading supply chain solutions – in short, doing well while doing good.” said Lars Reno Jakobsen, senior partner of A.P. Moller Capital.

“This potential transaction with A.P. Moller Capital reflects Ayala’s strong commitment to growing AC Logistics into an industry leader that will deliver high-quality logistics solutions for the Philippines. We are confident A.P. Moller Capital is the best partner for unlocking the many opportunities in this sector,” said Erry Hardianto, President and CEO of AC Logistics. 

Established by Ayala Corporation (AC) in 2021, AC Logistics (ACL) currently offers holistic supply chain solutions covering cold chain solutions, freight forwarding, national distribution and contract logistics. ACL operates a nationwide network of distribution centers, giving clients access to consistent quality service across multiple locations. Having access to an extensive fleet of transportation assets, including its own temperature-controlled trucks, and an extensive network of agents enables ACL to fulfill client requirements across the Philippines. 

For 190 years, Ayala Corporation has been building businesses that enable people to thrive. Ayala, currently one of the largest conglomerates in the Philippines, has meaningful presence in real estate, banking, telecommunications, and renewable energy. It likewise has a growing presence in healthcare, mobility, and logistics as well as investments in industrial technologies, education, and other ventures. Ayala manages its corporate social responsibility initiatives through Ayala Foundation.

A.P. Moller Capital is an infrastructure fund manager focused on scaling critical infrastructure needs, particularly in Transport and Logistics as well as Energy Transition. A.P. Moller Capital invests in and develops businesses that support sustainable economic growth and prosperity in its markets of operations, while striving to deliver consistent and attractive investment returns to our investors. A.P. Moller Capital is an affiliate of A.P. Moller Holding with its headquarters in Copenhagen, Denmark.