MANILA, Philippines – An investment firm whose purpose is to invest in companies struggling in its finances has acquired a 142,000 square meter property development in Pampanga previously owned by a cash-strapped company of Dennis Uy.
CarVal Investors is an investment management company “focused on distressed and credit-intensive assets.” “CarVal/ADPI and SofCap worked closely with Udenna’s GGDC and its existing bank lenders to consummate the transaction. Proceeds from the transaction will ultimately support Udenna’s ongoing liabilities management exercise,” the company said.