I Squared Capital has acquired a controlling stake in Royale Cold Storage, a leading cold storage operator in the Philippines, aiming to build a significant cold storage platform in the country.

Target Information

I Squared Capital, a prominent independent global infrastructure investment manager, has announced its intention to acquire a controlling stake in Royale Cold Storage (RCS), a leading cold storage operator in the Philippines. This acquisition marks a significant move for I Squared Capital as it seeks to establish a prominent cold storage platform within the nation. RCS manages five strategically located cold storage facilities that serve as crucial distribution hubs, primarily catering to Metro Manila and the surrounding provinces.

RCS supports a diverse client base, including quick service restaurants (QSRs), meat processors, and retailers in the agricultural and food sectors. This strategic positioning not only solidifies RCS's market presence but also enhances operational efficiencies in the country’s food supply chain.

Industry Overview in the Philippines

The Philippine economic landscape demonstrates robust growth, particularly in sectors such as infrastructure, renewable energy, and consumer retail. The country's infrastructure sector is experiencing an upward trajectory, fueled by increasing inves