Alternergy Holdings Corp., a listed renewable energy firm, has appointed two financial advisors—AlphaPrimus Advisors and Astris Finance—to guide its upcoming capital raising initiative. This strategic move comes as part of the company’s next phase of growth, aimed at achieving its ambitious “Road to 500 MW” capacity target.
Alternergy said it conducted a rigorous selection process in choosing AlphaPrimus and Astris Finance as advisors to help the company explore various options to finance its expansion plans.
The new capital raising initiative follows Alternergy’s successful P20 billion funding secured within just 15 months since its public listing in March 2023.
“We are advancing to the next phase of our capital raising program,” said Gerry P. Magbanua, president of Alternergy. “We are excited to partner and work closely with AlphaPrimus and Astris Finance, who have a strong track record of successfully closing M&A deals both locally and internationally.”
AlphaPrimus Advisors brings extensive experience in mergers and acquisitions (M&A) and debt advisory, with a track record of nearly 80 transactions valued at over USD37 billion. In the Philippines, AlphaPrimus has advised on key deals in the power and renewables sectors, including Citicore Renewable Energy’s P6.7 billion partnership with PT Pertamina Power Indonesia.
Meanwhile, Astris Finance, a global leader in transaction advisory services, specializes in energy transition projects. With over 25 years of experience and USD60 billion in completed transactions, Astris has a strong presence in Southeast Asia and ranks among the top firms for global renewable financial advisory.
