Vietnam’s 2022 M&A

Vietnam’s 2022 M&A highlights: Igniting New Opportunities

The market witnessed a number of notable deals from both foreign and local investors in 2022 The largest deal of the year was Capital Place, a Grade A office skyscraper located in the center of Hanoi, that was purchased by one of the industry's leading players for USD 523 4 million. In same sector, No Va Land received a USD 250 million investment from Warburg Pincus, a leading international private equity firm specializing in growth investing, in order to expand its land bank and advance key projects.

In respect of Energy Utilities sector, a renowned provider of renewable energy with headquarter located in Madrid, Spain, EDP Renovaveis S A ..( recently came to terms with Xuan Thien Group to purchase two solar power projects in Thuan Bac district, Ninh Thuan province with total capacity of 200 MWac for USD 284 million. This deal will enable EDPR to strengthen its presence in the APAC region.

In Consumer Discretionary sector, The Sherpa Company Limited, a division of Masan Group Corporation, acquired 65 of Phuc Long Heritage’s capital for USD 260 6 million Singapore's Seletar Investments, Seatown Private Capital Master Fund, and Periwinkle acquired approximately 36 of Golden Gate's stock valued at around USD 234 million from Prosperity Food Concepts Pte Ltd It is noted that Seatown is an investment fund of Seatown Holdings in Singapore, also a group of Temasek’s ecosystem. 

Also, 
Pharmacity one of the largest chains of pharmacies in Vietnam, has joined in SK Group, with the aim to enter Southeast Asia's rapidly expanding retail and healthcare markets Such a deal will likely strengthen Pharmacity's plans to expand to other areas in the country Although the deal value was not disclosed, we believe this was one of the year’s landmark deals.



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Vietnam’s 2022 M&A highlights