Mitsubishi-backed AIGF exits Philippine outsourcer KMC after seven years
What's the deal? Singapore-based private equity firm AIGFDealroom has a profile for this one. Try Dealroom → has sold its stake in KMC SolutionsDealroom has a profile for this one. Try Dealroom →, a Philippine business services provider, ending a seven-year investment. The buyer and deal value were not disclosed.
What does KMC do? Founded in 2010, KMC offers employer-of-record services, human resources, and flexible workspace for companies setting up in the Philippines. It runs more than 30 offices across the country and has regional hubs in four other countries.
The growth story: Under AIGF's ownership since 2019, KMC grew from 36 floors across 21 buildings to 79 floors across 30 buildings. The number of employees it managed rose to more than 6,000 from about 1,200.
AIGF declined to name the buyer, describing the incoming investors only as having a strong strategic understanding of the sector.
Why now? The exit comes as Southeast Asian private equity investors seek liquidity from portfolio companies, after holding periods stretched by the pandemic and a tough exit environment.
AIGF is sponsored by Mitsubishi CorpDealroom has a profile for this one. Try Dealroom → and backs small- and mid-cap companies in ASEAN, providing growth capital alongside support on business development, corporate governance, and strategic planning.
“The fact that KMC commands a market-leading position today is a testament to its resilience, strong value proposition and the leadership of its management team,” said Daniel Yong, a partner at AIGF.
The signal: The deal underscores a broader push among ASEAN private equity firms to return capital to backers after years of delayed exits — even as buyers stay cautious enough to keep terms under wraps.
Read more: dealstreetasia.com
Image credit: homethods
