Fortman Cline  was founded in 2007 by Daniel D. Ibasco and Gary P. Cheng with an initial focus of serving the Philippine market.  The firm has since expanded into serving clients in other Southeast Asian economies.  It currently has offices in Hong Kong, Manila, Jakarta, Singapore and has recently opened its New York office.  In addition, Fortman Cline is close to launching its first private equity fund focused on the Philippines as part of its entrepreneurial finance activities.

2007: Firm founded by Daniel Ibasco and Gary Cheng with offices in Hong Kong and Manila
2008: Completed first major transaction: US$3.95 billion acquisition of National Grid
Corporation (National Transmission Corp. Concession) by Calaca High Power Corp.
2009: Ranked #1 by Bloomberg in terms of completed M&A in the Philippines
Ranked #5 by Thomson Reuters in terms of completed M&A in Southeast Asia
Completed largest number of power and energy transactions in the Philippines
2010: Completed its first Southeast Asian cross-border M&A with client Thoresen Thai Agencies
Completed largest M&A in the Philippine fast food industry with sale of Mang Inasal Inc. to Jollibee Foods Corporation
2012: Established Singapore office
2013: Established Jakarta office
Established private equity group and entrepreneurial finance group
2014: Established New York office
Established private equity co-investment business