Who we are
Citadel Pacific Ltd. is a diversified private holding company with operations in the Philippines, the Republic of Palau, the Commonwealth of the Northern Mariana Islands, and the US Territory of Guam.
Its holdings range from controlling stakes in companies engaged in telecommunications, retail, petroleum and gas distribution, property development, and airport services.
CITADEL is owned by the Delgado family of the Philippines and by the Ontario Teachers’ Pension Plan of Canada, one of the largest and most successful pension plans in the world. Its subsidiaries have joint ventures with the ITOCHU Corporation in Japan, one of the country’s top trading houses and Gate Gourmet, the largest airline catering company in the world.
Through the years, the company has grown through acquisitions, organic growth, and the combination of both. Its core assets, managed by various senior executive teams with deep industry expertise, have all exhibited strong growth in the last decade.
The Group’s growth has been underpinned by
- Highly experienced
- Strong relationships with
- Regulatory compliance
(CIFIUS, US FCC, US EPA)
- The ability to successfully transact
with multinational companies
like Verizon and Shell
- Strong equity co-investors like ITOCHU and the Ontario Teachers’ Pension Plan
- Group revenue at approximately
$500 million USD in 2015
Mission & Vision
CITADEL exists to provide excellent service to its customers, a unique place to work for its employees, strong financial returns for its shareholders, and positive social contribution to the communities where it operates.
To be considered one of the premier investment management companies in the Philippines and the Pacific Islands by consistently creating value for all stakeholders and always remaining true to its purpose.
We always foster ‘Customer Service at its Best.’ Our Senior Management Officers, down to our Operations team members, keep this value close to their hearts. Our ability to provide excellent service and our knack for introducing relevant and timely Customer Value Propositions had served us well over the years.
We embrace change and taking on the next challenge. We understand that companies who become complacent ultimately do not survive, so we are not afraid to change and adapt, and constantly seek new opportunities as they become available.
Respect for People and Business Partners
We give our people opportunities. We provide an environment where people can grow and thrive, as well as a place where they can be challenged and be rewarded for performance.
Prudence in Financial Investing
We live within our means. We take a cautious approach both in how we invest and how we carry ourselves – as a company and as people.
Long-term orientation permeates all decisions. We don’t sacrifice safety, quality and compliance; nor make decisions that would compromise our ability to be a successful firm over the long run.
GROUP EQUITY PARTNER
Ontario Teachers’ Pension Plan is Canada’s largest single-profession plan with $171 billion in net assets as of 2015. It is also in the top 1 percent of all pension funds in the world in terms of financial performance.
IP&E AND ISLA PARTNER
ITOCHU, one of the leading sogo shosha (総合商社) and with presence in 74 countries, is engaged in domestic trading, import/export, and overseas trading of various products such as textile, machinery, metals, minerals, energy, chemicals, food, information and communications technology, realty, general products, insurance, logistics services, construction, and finance, as well as business investment in Japan and overseas.
The company is aggressively investing across its strongest competencies:
• Life & Healthcare
• New Technology
• Environment & New Energy
MIASCOR CATERING PARTNER
Gate Gourmet is the world’s largest independent airline catering and logistics provider, servicing the airline industry for over 70 years. Today, Gate Group is the leading independent global provider of products, services and solutions related to a passenger’s onboard experience. It specializes in catering and hospitality; provisioning and logistics; and onboard solutions to companies that serve people on the move.
Gate Gourmet is currently listed in the Swiss Stock Exchange.
Local government mandated the merger of five small airport services providers. Manila Integrated Airport Services Corporation (MIASCOR) was formed.
Isla Communications (ISLACOM) was founded. Pioneered the GSM cellular service in partnership with Deutsche Telekom.
A joint venture with Gate Gourmet and Malaysia Airlines formed MIASCOR Catering.
Islacom was sold to Globe Telecom. MIASCOR Ground Handling sold a minority stake to Swissport.
Prospector, a new subsidiary, acquired Micronesia Telecommunications Corporation (MTC).
Brought Sumitomo Corporation in as partner through sale of minority stake in MTC.
Acquired Yellow Pages Guam.
Acquired IT&E. First to invest in a 3G network and grabbed the no. 1 spot in mobile from NTT Docomo.
Closed deal to purchase Shell Petroleum’s Micronesia assets. ITOCHU became minority partner.
Acquired the entire Liquefied Petroleum Gas (LPG) business of Pilipinas Shell Petroleum Corporation with minority partner ITOCHU.
Majority stake in SOS with partner Newrest.
Closed deal to acquire DFS Galleria Palau.
OTPP became a minority shareholder at Citadel Pacific Ltd.