Invest US$ 30M Series B

Rocket Equities advises Great Deals, an e-commerce juggernaut to raise US$ 30 million from Fast Group, CVC Capital, and Navegar.

May 2021 | Philippines
Invest US$ 30M Series B

Rocket Equities is pleased to announce that it has acted as the financial advisor to the Philippines’ No. 1 e-commerce enabler, Great Deals E-Commerce Corp, to raise US$30 million growth capital in its Series B funding round.

 

The funding round was led by Fast Group, a leading logistics firm in the Philippines with the support of CVC Capital Partners, one of the world’s largest global private equity firms with US$ 118B in assets under management (AUM). Navegar, a private equity firm that infused US$ 12M Series A fund into Great Deals, also contributed to this funding round.

 

Rocket Equities, a Southeast Asia-focused M&A advisory firm for fast-growing internet companies, has advised Great Deals on both its Series A & B fundraise.

 

Steve Sy, an Alibaba eFounder fellow, launched Great Deals in 2014 after spending many years as an entrepreneur in the retail and e-commerce sectors. With Sy’s bootstrapping style, Great Deals grew into a multi-billion-peso company, posting four-fold growth in 2020. Great Deals offers end-to-end e-commerce enabling solutions ranging from digital marketing, content creation, storefront management, web design, business analytics, and customer service to warehousing and peak-scaling fulfillment. Today, Great Deals enables the online commerce of over 300 brands in the Philippines. Its enviable list of global brand partners includes Abbott, L’Oréal, Unilever, Nestle, Samsonite, GSK, Bayer, and Fila, among others.

 

Great Deals will deploy this growth capital in the construction of a 70,000 square meter state-of-the-art automated fulfillment center and in tech developments, both critical to meet the growing e-commerce demand in the country. The partnership with Fast Logistics, one of the Philippines’ largest end-to-end logistics companies, will unlock synergies that will enhance Great Deals fulfillment and delivery services to brands. “With this funding and the strategic support of our new investors, this opens new opportunities to drive Instant Commerce delivery under one hour, wherever you are. We can reach and serve more Filipinos, faster and safer,” Sy said.

 

This growth capital transaction highlights Rocket Equities’ track record of building long-term client relationships as a trusted advisor (having advised Great Deals on its previous $12M series A less than 18 months ago) and Rocket Equities’ commitment to helping its clients become market leaders. This transaction also underlines Rocket Equities’ position as a market-leading advisor on private capital financings in Southeast Asia, utilizing its strong connectivity across the full breadth of relevant investor categories.

 

About Great Deals E-commerce Corporation

Great Deals E-Commerce Corporation is the leading e-commerce enabler in the Philippines, catering to both local and multinational brands. Great Deals offers a wide range of business solutions enabling brand partners to reach their full potential through e-commerce. For more information, visit https://www.greatdealscorp.com/.

 

About Fast Group

Fast is a leading group in end-to-end logistics and supply chain in the Philippines. Founded by the Chiongbian Family in the 1970s, Fast has a workforce of 11,000+, spread across 53 branches nationwide, a modern transport fleet of 2,500+ nationwide, over a million square meters in warehouse footprint, and a distribution network of close to 90,000 stores. Throughout 48 years, Fast has served enterprises of all sizes from the largest multinational companies and Filipino conglomerates to tens of thousands of sari-sari stores and neighborhood groceries.

 

Today, the Group is present in transport logistics, warehouse management, selling distribution, toll manufacturing, and value-adding supply chain services. For more information about Fast Group, please visit https://www.fast.com.ph.

 

About CVC Capital Partners

CVC is a leading private equity and investment advisory firm with a network of 23 offices throughout Europe, Asia, and the US, with approximately US$118 billion of assets under management. Since its founding in 1981, CVC has secured commitments in excess of US$160 billion from some of the world’s leading institutional investors across its private equity and credit strategies. Funds managed or advised by CVC are invested in over 90 companies worldwide, which have combined annual sales of approximately US$100 billion and employ more than 450,000 people.

 

About Rocket Equities

Rocket Equities is a Southeast Asia-focused advisory firm experienced in capital raising, M&A, and buy-outs. Rocket Equities assists fast-growing middle-market companies with their capital-raising needs, strategic equity story, access to an extensive network of professional investors, and deal negotiations. For more information about Rocket Equities, please visit http://rocketequities.com/

Luigi Mari Opena

Luigi Mari Opena

Associate

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