Chiongbian family takes full control of FAST Logistics after CVC exit

Company buys back 40% stake as CVC Capital Partners ends six-year investment, with no disclosure on deal drivers or terms.

The Chiongbian family is moving to take full control of FAST Logistics after buying back the 40% stake held by CVC Capital Partners, closing a six-year partnership that began in 2020. FAST Logistics said it has entered definitive agreements with CVC Capital Partners Asia Pacific IV to reacquire the remaining share, a move it said is driven by confidence in the long-term outlook of the Philippine logistics sector. No clear reason was disclosed on what prompted the buyback or how the decision came about.

Since CVC came in as a partner, FAST expanded its nationwide reach, built stronger warehousing and transport capacity across key routes, and invested heavily in technology systems that improved how goods move across the country, supporting both large enterprises and smaller businesses that depend on faster distribution.

CVC’s Brice Cu said the company strengthened its position as one of the country’s leading logistics and supply chain platforms, pointing to steady investment in operations and customer service throughout the partnership.

For the Chiongbian group, FAST is expected to push further into logistics infrastructure, tech-enabled services, and broader supply chain solutions, as demand from Philippine businesses continues to build across retail, manufacturing, and e-commerce, where delivery speed and reliability directly affect costs and competitiveness. Financial terms of the transaction were not disclosed.

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