At the same time, December 2010, Negros Navigation announced that the China-Asean Investment Cooperation Fund acquired a controlling stake in the company through an equity infusion.
The China-Asean Investment Cooperation Fund is a Netherlands-based,[a] private equity firm wholly owned and controlled by the Government of the People's Republic of China.
[14] Later, in 2012 the company was reorganized and rebranded as 2GO Group Inc. with its brands SuperFerry, SuperCat, and Cebu Ferries merged with Negros Navigation to form 2GO Travel.
In 2016, SM Investments Corporation (SMIC) and Dennis Uy's Chelsea Logistics inc jointly acquired a major stake of 2GO Group Inc, owning a significant share in the company.
[16] MCC Transport Philippines Inc. (MCCP) was a joint venture between Sealand Maersk Pte Ltd, Mercantile Ocean Maritime Co (Filipinas) Inc, and 2GO Group Inc.