Market summary
The capital market started to warm up in March after the Tet break in February. Total deal size stood at USD475m, up 15% from last month.
The Financial sector remained the key contributor with USD152m, mainly coming from securities brokerage BSC's c. USD118m private placement to Hana Financial Investment Co.
Manufacturing sector was the next highest contributor with total deal size of c. USD117m, driven by fundraising activities of FDI companies such as Universal Scientific Industrials and ITM Semiconductor Vietnam
Other sectors that witness relatively significant capital flow and investment interest include Energy, Healthcare, Real Estate, F&B Services and Education.
Aggregate Deal Values = USD475m
This month’s top deals
Financial service
BIDV Securities announced a private placement of 65.7 million shares for gross proceeds of 2.7 trillions VND to Hana Financial Investment
CEO of Gelex Enery One Member paid 34 million USD for 52.5 million VIX shares, increasing the ownership at the brokerage firm to c.15%
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Gelex CEO paid 34 million USD for 15% stake at VIX Securities
Manufacturing
Universal Scientific Industrial Vietnam received 35 million USD from Universal Global Technology
ITM Semiconductor Vietnam Co., Ltd received 20 million USD from ITM Semiconductor
Yongjin Metal Technology Vietnam received 12.7 million USD from two Chinese investors
SVP Worldwide acquired Jaguar International Corporation's sewing machine manufacturing operations in Vietnam
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Energy
Leader Energy acquired 49% stake in Clean Energy Vision Development JSC (Vietnam) for 43.6 million USD
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Healthcare
East Bridge Partners invest 30 million USD in Vietnam's USM Healthcare
VC Cocoon Capital focuses its 22 million USD fund in Vietnam
Med247 raised 4.5 million USD by a club of investors
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Real Estate
Prince Residence JSC received 22 million USD from NOVA Land
M Village received 1.7 million USD from Simple Tech Investment
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F&B Services
Singapore investors bought 36% of Golden Gate
Seletar Investments Pte Ltd., Seatown Private Capital Master Fund, managed by Seatown Capital Pte. Ltd. and Periwinkle Pte Ltd agreed to acquire a 35.95% stake in GOLDEN GATE Trade & Service JSC from Prosperity Food Concepts Pte Ltd, Tran Viet Trung and Nguyen Xuan Truong on March 15, 2022. Seletar Investments Pte Ltd. will acquire nearly 1.54 million shares, Seatown Private Capital Master Fund will acquire 768,431 shares and Periwinkle Pte Ltd will acquire 436,358 shares. Prosperity Food Concepts Pte Ltd will divest 32.9% stake, Tran Viet Trung will divest 2.12% of his 4.43% stake and Nguyen Xuan Truong will divest a 0.91% stake and retain 3.08% stake. The deal is expected to close by agreement method between March 15, 2022 and April 13, 2022.
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Education
FPT acquired Education Infrastructure Group JSC from APAX Holdings for 16 million USD
FPT Capital agreed to acquire an unknown stake in Education Infrastructure Group Joint Stock Company from Apax Holdings Joint Stock Company (HOSE:IBC) for VND 375 billion on March 29, 2022. Apax Holdings Joint Stock Company approved the policy to transfer 15,000,000 shares in Education Infrastructure Group Joint Stock Company to FPT with the transfer price of VND 25,000 per share.
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Note: Deal values only include disclosed completed deals. Rumored, announced, or planned deals not included.
*USD1.00 = VND22,780.00