I Squared Capital has plans to acquire a controlling stake in Royale Cold Storage (RCS), a cold storage operator in the Philippines.
The cold storage sector in the Philippines benefits from strong macro tailwinds such as population growth, rapid urbanization and maturing consumer preferences. These trends are fueling an increasing need for food security through reliable cold chain infrastructure. These factors are expected to drive double digit annual growth in the sector over the next decade.
This investment marks the first step in I Squared’s strategy to build a leading institutional cold storage platform in the Philippines. RCS operates five strategically located cold storage facilities that serve as key distribution hubs for Metro Manila and surrounding provinces, supporting a blue-chip client base across quick service restaurants, meat processors, agriculture and food retail. Through its network of facilities with 100,000 pallet positions, RCS delivers a full su
