Anscor leads $53m series C equity financing round for Philippines-based modular fabricator Atlantic, Gulf and Pacific.

Atlantic, Gulf and Pacific (AG&P), a Philippines-based industrial process outsourcing company which fabricates complex infrastructure modules, has raised $53m at the initial closing of its series C equity financing round, led by listed Philippines-based conglomerate A. Soriano Corporation (Anscor).  Anscor invested $40m through a subsidiary, increasing its shareholding to 26.75% of AG&P’s enlarged equity.

The equity financing is part of a broader capital raising program by AG&P and follows the recent closure of its PhP 3.8bn ($93m) corporate note issuance…