ACCRALAW advised and assisted CVC, a private equity company, on the sale of CVC Asia Pacific IV L.P.’s 40% equity stake (through Asia Seal Pte. Limited) in Fast Logistics Corporation (“Fast”).
CVC is a leading global markets manager focused on private equity, secondaries, credit, and infrastructure. It has a global network of 30 local offices and €212 billion of assets under management.
Fast is a leading third-party integrated logistics provider in the Philippines.
The sale of CVC’s stake in Fast to the Chiongbian Family’s WLC Holdings, Inc. was completed on 26 August 2026, resulting in the Chiongbian Family’s re-acquisition of full ownership of Fast.
ACCRALAW also assisted CVC in relation to the compulsory notification requirement under the Philippine Competition Act. The acquisition was cleared by the Philippine Competition Commission on 30 July 2026.
The ACCRALAW team was led by Senior Partner Andre B. Navato, Jr. and Partner Shiree Amor P. Roma, and assisted by Senior Associate Korina Ana T. Manibog.