Private‑equity firm CVC announced it will sell its entire stake in Fast Logistics Group, the Philippines’ leading third‑party logistics provider. The exit ends a five‑year partnership that began in 2020 with the Chiongbian family. Financial terms remain undisclosed and the transaction still requires standard regulatory clearance. CVC applied its classic value‑creation playbook, tightening procurement, upgrading financial planning and installing new transport‑ and warehouse‑management systems.

During CVC’s ownership, Fast expanded its warehousing network from about 100 sites to 160, adding both owned facilities and long‑term leases. The company now covers 98% of Philippine provinces, operates largest footprint of over 1.9m square metres, runs a fleet of more than 2,500 trucks and supplies 120,000 stores through distribution platform. It also launched a control‑tower platform to improve visibility across the network.

CVC’s clean exit reflects a broader trend of private‑equity sponsors professionalising founder‑led businesses in Southeast Asia before handing them back. With the Chiongbian family regaining full control, Fast stands ready to leverage its expanded infrastructure for the next growth phase. The deal underscores the attractiveness of logistics assets in a market where e‑commerce demand remains strong.