M&A in consumer and FMCG

Our team is familiar with both ``market firsts`` and tried and tested transactions

Our team’s experience includes advising

  • Tam Tri Medical Joint Stock Company, a hospital chain, on its USD25 million investment from VinaCapital Opportunity Fund
  • Rang Dong Plastics on the sale of 20% of the equity interest in its subsidiary to Sojitz Pla-Net Corporation and the associated joint venture documentation
  • Mobile World Group on the legal due diligence of Tran Anh Group, an electronic retailer in northern Vietnam
  • Ngu A Chau shareholders on the sale of 97% of their interest to Takara Belmont
  • XL Entertainment on the establishment of the Vietnam Basketball Association
  • The shareholders of Togico to sell all their shares to Kato Sangyo Co. Ltd., one of Japan largest food distributors
  • LeFlair, an online fashion retail platform, on its series A and series B financing
  • Pharmacity on its financing and store expansion. Pharmacity has over 100 drug store outlets
  • 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 wholesaler of baked consumer goods
  • VimpelCom on its USD500 million investment in GTEL Mobile Joint Stock Company
  • Mitsuion 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
  • A European developer in relation to the proposed acquisition of two wind parks in Vietnam
  • A German utility 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 a 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 boasting 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 and its subsequent divestment
  • HD Bank on the sale of its 49% interest in HD Finance
  • German insurance groupTalanx on its USD125 million acquisition of PVI Holdings in two tranches – taking Talanx’s shareholding to 31%;
  • A Japanese insurance companyon the buy out of its Vietnamese joint venture partner

M&A in start-ups and IT/Tech companies

Vietnam's IT and mobile startup 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:

  • Topica Group on its US$50 million Series D investment by Northstar and its Series C investment by NSI and Patamar
  • UP on its US$15 million Series A round
  • Sequoia Capital on its investment in Trusting Social
  • Tima, a P2P lending platform, on its Series A round
  • F88 on its financing
  • Credit China Fintech Holdings on its majority investment in Amigo Technologies
  • Beeketing, a marketing platform for online stores, on its series A financing
  • Pharmacity on its financing and store expansion
  • Shutta, a video and photo sharing platform, on its seed financing
  • HIIP, an influencers platform, on its seed financing
  • Dalat Hasfarm on seed financing in Hoayeuthuong, an online flower delivery start-up
  • MimosaTek, an agri-tech business, on its seed financing round.
  • ELSA Now, an English language learning app, on corporate structuring
  • LIXIBox, an online cosmetics retailer, on corporate structuring
  • LogiVan, on its inversion under a Singapore holding company
  • Sentifi, winner of the Swiss start-up of the year, on its ESOP arrangements

We look forward to discussing with you how we can support you in Vietnam