Published May 19, 2021, 4:00 PM
The Philippines’ #1 e-commerce enabler Great Deals e-commerce Corporation raised $30 million, approximately P1.4 billion, capital in its Series B funding round.
The new capital infusion was led by Fast Group, a leading logistics firm in the Philippines with the support from CVC Capital Partners, one of the world’s largest global private equity firms with $118 billion in assets under management (AUM). Navegar, a private equity firm that infused $12 million Series A fund into Great Deals, also contributed to this funding round. The transaction was advised by Rocket Equities.
Steve Sy, Founder & CEO of Great Deals, William Chiongbian II, Group President and CEO of Fast Group, and Javier Infante, Managing Partner of Navegar, along with their management teams and advisors, participated in the signing of definitive agreements.
Ren Seafoods selects Mobile, Alabama for new seafood processing and distribution hub
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Mobile, Alabama, U.S.A. will be the location for Ren Seafoods’ new seafood processing facility and distribution hub, if all goes according to the company s plan.
The seafood company said it will invest USD 12.4 million (EUR 10.2 million) into a shuttered manufacturing facility in Mobile for the project, which will create 54 jobs, Area Development reported. Ren Seafoods, which is affiliated with Pennsylvania-based The Fishin’ Co., expects to break ground on the new facility in April, with construction tentatively wrapping up later this year.
Ren Seafoods CEO Javier Infante said his firm sees ample opportunity in settling into the U.S. Southeast.
Alabama Newscenter — Ren Seafoods Plans Processing Facility, Distribution Hub in Mobile : The Alabama Weather Blog alabamawx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alabamawx.com Daily Mail and Mail on Sunday newspapers.
Port traffic: Two new companies bringing 100 jobs to Mobile
Updated Feb 26, 2021;
Posted Feb 25, 2021
Container shipping operations at the Port of Mobile have been expanding, and the announcement of plans for a new logistics park at the port likely will support the trend. (Joe Songer | jsonger@al.com).al.com
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Two new companies promise to bring more than 100 new jobs and $30 million in capital investment to the landscape around the Port of Mobile, according to announcements Thursday from the Mobile Area Chamber of Commerce.
According to information released by the Chamber, Ray-Mont Logistics will develop a high-tech logistics park near the port, and Ren Seafoods will capitalize on the existence of a new cold-storage facility at the port by locating a processing and distribution center on the I-65 beltline.