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.


Firm founded by Daniel Ibasco and Gary Cheng with offices in Hong Kong and Manila.


Completed first major transaction: US$3.95 billion acquisition of National Grid Corporation (National Transmission Corp. Concession) by Calaca High Power Corp.


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.


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.


Established Singapore office.


Received “The Best M&A Firm in Southeast Asia Award” by Capital Finance Inc., London.

Received “The Most Innovative Solutions Provider Award” by International Finance Inc., -London.


Establishes Fortman Cline Management Services, a wholly owned subsidiary that offers strategic guidance and industry expertise pre and post M&A to help clients achieve sustainable growth, navigate change, capitalize on new business opportunities, and enhance their competitive position.

Receives for a second time, “The Best M&A firm in Southeast Asia Award” by Capital Finance Inc. London.