Vietnam
Global PE firms bullish on Vietnam - AVCJ Forum
Global and regional private equity firms are increasingly turning their attentions to Vietnam, reassured by the country’s relative economic stability and impressed by the rising number of investable companies.
Deal focus: Mekong joins Nhat Tinh’s second trip
Mekong Capital backs the management team that grew and then sold Vietnam express delivery player Tin Thanh Express to repeat the trick with Nhat Tin Investment Trading
Vietnam: Improving sentiment
With regional and global GPs showing greater interest in Vietnam, local managers have an additional exit option - and an opportunity to show that country funds can perform across multiple cycles
Venture: Vietnam plus
Vietnam’s start-up ecosystem is gaining prominence as the diaspora community taps local tech talent to create businesses targeting global markets. Expect deal flow to increase substantially in coming years
Q&A: VinaCapital's Andy Ho
Andy Ho, managing director and CIO of VinaCapital, discusses how the continued development of Vietnam’s economy has created a broader range of opportunities for private equity investors
Vietnam SOEs: Shifting ground
Vietnam’s state-owned enterprise (SOE) privatization initiative continues to produce investment opportunities, but private equity firms must be prepared for a hard sell when negotiating
Vietnam renewables: Good vibrations
A palpable new enthusiasm has permeated Vietnam’s sluggish renewable energy sector as rising electricity demand prompts regulatory reform. Private equity is one of the key players
Vietnam investment: Familiar faces
Regional private equity firms are refocusing on Vietnam, widening the exit options for local GPs that specialize in bringing companies to scale. But sizeable deals are scarce and valuations are rising
Mekong backs Vietnam express delivery business
Mekong Capital has invested in Nhat Tin Investment Trading Development, a Vietnam-based express delivery company founded by a team that previously exited a similar business to Kerry Logistics.
Q&A: Armstrong Asset Management's Andrew Affleck
Andrew Affleck, managing partner of Singapore’s Armstrong Asset Management, explains the role private equity investors can play in developing renewable energy assets in Southeast Asia
Southeast Asia VC: Common tastes
Venture capital investors increasingly view Southeast Asia as a single market as start-ups focus their attentions on a handful of large cities whose young populations have similar consumption habits
The devil you know: PE and Southeast Asian entrepreneurs
Due to a shortage of companies in Southeast Asia that have proved themselves capable of working private equity, when GPs identify a group they like it is not uncommon for them to work together more than once
Deal focus: KKR returns to Masan, PENM exits
KKR will team up with Vietnam's Masan Group for a second time, committing $250 million to the parent and its meat industry subsidiary. The GP's entry facilitates a partial exit for long-standing investor PENM Partners
KKR commits $250 million to second Vietnam consumer play
KKR has entered into a second partnership with Masan Group – just over a year after exiting the first with a more than 2x return – through a $250 million commitment to the Vietnamese conglomerate and its branded meat subsidiary.
TPG buys majority stake in Vietnam school, Mekong exits
TPG Capital has agreed to acquire a controlling position in Vietnam Australia International School (VAS), facilitating an exit for existing backers Mekong Capital and Denmark-based MAJ Invest.
Impact investors and Asian banks: Developing interest
Despite the rise of non-banking finance companies, traditional banks in emerging markets still appeal to impact investors. Using them to their potential means adapting to each market
IFC proposes $57m investment in Vietnam bank
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of up to $57 million in Vietnam Prosperity Commercial Joint Stock Bank (VPBank).
IFC to work with Vietnam's SCIC on divestments, co-financing
The International Finance Corporation (IFC), the investment arm of the World Bank, will partner with Vietnam's State Capital Investment Corporation (SCIC) to help execute its divestment plan and explore co-financing opportunities.
Standard Chartered PE invests $40m in Vietnam's N Kid
Standard Chartered Private Equity (SCPE) has invested $40 million in N Kid, a Vietnam-based children’s media platform and retailer.
Warburg Pincus, VinaCapital to create SE Asia hotel platform
Warburg Pincus has teamed up with Vietnam-based GP VinaCapital and Don Lam, the firm’s founder, to create a hotel investment platform intended to tap into rising inbound tourism in Southeast Asia, particularly from China.
UOB, Orix commit $50m to Vietnam hydropower player
Singapore’s UOB Venture Management (UOBVM) and Japanese financial group Orix Corp. plan to invest $50 million in Bitexco Power Corporation, the largest privately-owned hydropower company in Vietnam.
Vietnam's Mekong backs logistics business, adds two partners
Vietnam-focused Mekong Capital has announced the second investment from its latest fund – cold chain logistics provider ABA Corporation – and also promoted Thanh Giang Vu Pham and Truong Dieu Le to partner. It now has four partners in total.
Mekong invests $6.9m in Vietnam's Wrap & Roll
Mekong Capital has invested $6.9 million in Wrap & Roll, a Vietnamese cuisine restaurant operator aiming to expand internationally.
ASEAN integration: Gathering momentum
Continued economic integration with Southeast Asia could open the way for transformative investment opportunities, but private equity players must believe in the region’s potential before they take the plunge.