M&A in manufacturing and services
Our team is familiar with both ``market firsts`` and tried and tested transactions
Our team’s experience includes advising
- The shareholders of Togico to sell all their shares to Kato Sangyo Co. Ltd., one of Japan largest food distributors;
- Apple Tree Group on its acquisition of an online fashion retailer in Vietnam, LeFlair;
- The shareholders of a ready-to-eat meal manufacturer in Vietnam on the merger with a leading catering enterprise in Vietnam;
- The shareholders of a joint venture securities company on the divestment of their shares;
- The investor in a USD30 million garment manufacturing plant on the establishment of its Vietnam manufacturing operation;
- A European mobile operator on its proposed USD300 million investment in Viettel;
- A private equity fund on its proposed USD250 million investment in a Vietnamese 3G network operator;
- Pernod Ricard on the divestiture of a joint venture interest in Vietnam;
- The buyer in the acquisition of a minority interest in a Vietnamese import and trading company;
- The buyer on the acquisition of a German manufacturer and wholeseller of baked consumer goods;
- Texas Pacific Group on the subscription to convertible bonds of Masan Group, one of the first convertible bonds issued by a Vietnamese company
- VimpelCom on its USD500 million investment in GTEL Mobile Joint Stock Company
- Mitsui on the acquisition of a minority interest in a State-owned paint manufacturer undergoing equitisation
- The seller on the investment by Prudential Fund Management Co Ltd in a domestic animal feed processor, including convertible loan arrangements
- The buyer on its acquisition of shares in the Vietnamese developer and operator of an online platform for the distribution of mobile applications
- The buyer on its acquisition of a 70% interest in a Malta-based online horse race betting platform
- The lenders on the financing of the acquisition of two international schools in Vietnam by a leading international education services provider
- Global Emerging Markets, a hedge fund, on the subscription / private placement agreements in relation 5 Vietnamese companies with an aggregate value exceeding USD100 mn
M&A in projects and real estate development
Featuring a unique blend of transactional and projects experience
Our team’s experience includes advising
- The seller on the divestment of its interest in a large mixed use development project in Ho Chi Minh City
- Daibiru on its acquisition of a majority interest in a Vietnamese company that owns a grade A commercial building in Hanoi
- Harbinger in its investment and financing of the USD4 bn Ho Tram Casino Project
- BP on its sale of oil and gas assets in Vietnam including Block 6.1, Nam Con Son Pipeline and a power plant
- A European developer in relation to the proposed acquisition of two wind parks in Vietnam
- AMP Capital on its proposed establishment of its real estate investment fund for Vietnam
- A German utilities company on its acquisition of an interest in a 2x 1,100MW lignite power plant, including advising on the power purchase agreement, joint venture agreement and related project documentation
- Sumitomo on the joint venture agreement and land issues in relation to the Thanh Long Industrial Park 2 in Hanoi, an industrial park development
- Sojitz Corporation on the acquisition of an 88% stake in Long Duc Investment Joint Stock Company, which operates one of the largest industrial parks in the South of Vietnam
- A Hong Kong-based developer on a number of acquisitions of majority interest in real estate development projects in Vietnam, including a 450 ha mixed use residential and commercial project in Long An province
- A Korean developer on a USD1billion residential-for-sale, office & hotel, mixed-use development project in Ho Chi Minh City
- Sojitz Corporation on its US$ 112 million EPS contract with Lilama Corporation for the supply of equipment to the Vung Ang 1 2x600MW Coal Fired Thermal Power Plant in Vietnam
- Changi Airports on the proposed joint venture airport expansion project in relation to Thua Thien – Hue Airport, Vietnam
M&A in financial services
And boosts particular experience also in the highly regulated financial services and insurance sector
Our team’s experience includes advising
- OCBC Bank on its acquisition of a 10%-interest in VP Bank;
- A European Bank on the proposed acquisition of a 50% interest in a Vietnamese consumer finance company;
- Insurance Australia Group on its 61% investment in AAA Assurance Corporation;
- German insurance group Talanx on its USD125 million acquisition of PVI Holdings in two tranches – taking Talanx’s shareholding to 31%;
- A Japanese insurance company on the buy out of its Vietnamese joint venture partner
M&A in start-ups and IT/Tech companies
Vietnam's IT and mobile start up space has been receiving a tremendous amount of attention recently and we have had a busy year advising both start-ups and VC firms.
We have been involved in advising:
- Yello Mobile on the majority acquisitions of Cleverads and Websosanh
- Lozi, a Vietnam based smartphone app on its series A funding from Golden Gate Ventures and DESIGNONE Japan
- Shutta on its seed funding round
- Beeketing Pte Ltd. on its seed funding from Startup 500
- MimosaTEK on its seed funding round from Captii Ventures
- a few other great transactions which we cannot disclose yet