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Elmer Serrano

Work +63 2 687 11 95
Martinez Vergara Gonzalez & Serrano

Work Department

Mergers and Acquisitions


Mr. Serrano’s keen commercial instinct and ability to navigate through difficult legal issues to get the deal done has proven valuable as well to clients outside the banking sector. Mr. Serrano recently closed a pioneering cooperation and operating agreement for an integrated gaming and entertainment facility of listed Belle Corporation and PremiumLeisure and Amusement, Inc. with MCE Leisure (Philippines) Corporation, an indirect subsidiary of Melco Crown Entertainment Limited, a company listed in the Hong Kong Stock Exchange. Mr. Serrano has also been involved in noteworthy acquisitions in the real estate, energy and mining sectors. In the area of securities, banking and finance, BDO Unibank, Inc. has also tapped Mr. Serrano as adviser to its recent US$1.0bn Rights Offering, its issuances of a total of US$600m senior notes in the international market, the Php43.0 billion aggregate subordinated debt from 2007-2011, and Php15.0 billion worth of long-term negotiable certificates of time deposit from 2012-2013. Mr. Serrano’s strong M&A experience spans over two decades, having advised and provided strategic advice and solutions on several of the largest bank mergers and acquisitions in the Philippines. Mr. Serrano counseled BDO Unibank, Inc. in its merger with Equitable PCI Bank, Inc. in 2007, one of the largest consolidations in recent banking history. Mr. Serrano has likewise acted as counsel on previous and succeeding acquisitions in the banking and finance sector, the acquisition of American Express Bank Philippines, Inc. and its credit card business, the 31-branch GE Money Bank as well as the banking businesses, assets and networks of 60-branch First e-Bank and United Overseas Bank and, most recently, 30-branch Rural Bank of San Juan.


Prior to joining the firm in 2006, Mr. Serrano was a senior officer of BDO Unibank, Inc., handling investment banking, corporate finance and M&A. His extensive banking experience included a stint with Equitable PCI Bank, Inc. from 1997 to 2002. He is also a graduate of the Trust Institute of the Philippines, the academy of trust practitioners in the Philippines. He was a partner at the law office of Oreta & Berenguer until 1995. In 2006, he was joined by Messrs. Eduardo Martinez, Mark Vergara and Manuel Gonzalez founding MVGS Law.


English, Filipino


Integrated Bar of the Philippines


Ateneo de Manila University (1988 BS Legal Management); Ateneo de Manila University (1992 Juris Doctor)


Banking and finance

Within: Leading individuals

Elmer Serrano - Martinez Vergara Gonzalez & Serrano

Within: Banking and finance

‚ÄėPrimus inter pares‚Äô¬†Martinez Vergara Gonzalez & Serrano¬†advises clients on banking operations, financing and security arrangements, regulatory compliance, and credit enforcement. Other areas of expertise include loan syndications and project financing transactions. The firm recently acted for Udenna and its subsidiaries in relation to their acquisition of Global Gateway Development in a deal worth $690m. Other clients include Sta. Lucia Land, BDO Capital & Investment and Le Penseur. Headed by ‚Äėseasoned negotiators‚Äô Mark Vergara¬†and Rosalia Bartolome-Alejo, the team provides ‚Äėan absolutely superb level of service‚Äô. Elmer Serrano, Erika Paulino¬†and Manuel Gonzalez¬†are also recommended.

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Capital markets

Within: Capital markets

Martinez Vergara Gonzalez & Serrano¬†provides dedicated services on the equity side and advises on securities-related matters including IPOs, follow-on and rights offers, tender offers, reverse takeovers of publicly listed firms and issuances of global depository receipts. A recent highlight included acting for Chelsea Logistics Holdings on its IPO of primary shares. The team provides ‚Äėknow-how, subject matter expertise and a sense of partnership‚Äô. Head of team Manuel Gonzalez¬†has ‚Äėimpeccable experience and knowledge of the industry‚Äô. He is supported by Elmer Serrano,¬†Gwyneth Ong¬† and senior associate¬†Janice Co.

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Corporate and M&A

Within: Corporate and M&A

Martinez Vergara Gonzalez & Serrano advises on acquisitions involving both equity purchase and asset sale, and mergers involving initial structuring, due diligence, regulatory approvals and documentation. It is adept at advising foreign businesses looking to invest in the Philippines. Recent highlights include acting as counsel to Udenna Corporation in its acquisition of GGDC Holdings in a deal worth $980m. Other clients include BDO Unibank, SM Investments Corporation, Allfirst Equity Holdings and ISOC Holdings. Elmer Serrano heads the team, with support from associate Tephanie Gandia.

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