Photo: Viet Tuan
Mergermarket report shows consumer sector leading the way in Vietnam and in Southeast Asia.
The value of M&A activities in the first half of 2016 in Vietnam reached $1.551 billion in 20 deals, according to the “South East Asia M&A Trend Report H1 2016” launched on July 19 by Mergermarket, an independent M&A intelligence service with an unrivaled network of dedicated M&A journalists based in 62 locations across the globe.
M&A activities in Vietnam in the first half fell 34 per cent compared to the same period last year, when the value was $2.351 billion in 29 deals. Mergermarket’s data runs from January 1 to June and is correct as at July 18.
The consumer sector stood out in the first half, driven by the divestment of Thailand’s Casino Guichard Perrachon in its Big C Supercenter in Vietnam for $1.1 billion. Other major deals were seen in energy, leisure, financial services, food, real estate and e-commerce.
M&A activities in Vietnam
As in Vietnam, the consumer sector was also prominent in Southeast Asia in the first half, with 16 deals worth $8.3 billion, an increase of 556.9 per cent and driven by the two divestments by Casino Guichard Perrachon in its Big C Supercenter in Thailand and Vietnam for $6.2 billion and $1.1 billion, respectively.
Given the continuing downward trend seen since 2013 in Southeast Asia, total M&A activity during first half showed a revival by deal value, recording $29.8 billion in 188 deals, up 41.2 per cent.
|Top 10 Vietnam deals for first half of 2016|
|Announcement Date||Bidder||Bidder Geography||Target||Target Geography||Target Industry||Seller||Deal Value ($mil)|
|29-Apr-16||Central Group||Thailand||Big C Vietnam||Vietnam||Consumer: Retail||Casino Guichard Perrachon SA||1,140|
|14-Apr-16||JX Nippon Oil & Energy Corporation||Japan||Vietnam National Petroleum Group (8% Stake)||Vietnam||Energy||184|
|23-Mar-16||Hotel Properties Limited||Singapore||American Indochina Resorts Limited||Vietnam||Leisure||57|
|07-Jun-16||FWD Group Management Holdings Limited||Hong Kong||Great Eastern Life (Vietnam) Co. Ltd||Vietnam||Financial Services||Great Eastern Life Assurance Co Ltd||35|
|16-Jun-16||Daesang Corporation||South Korea||Duc Viet Food Joint Stock Company||Vietnam||Consumer: Foods||32|
|13-Jun-16||Phuc Hung Import Export Company Limited||Vietnam||Vina-CPK Limited Company (97.2% Stake)||Vietnam||Real Estate||Vietnam Infrastructure Limited||22|
|08-Jan-16||Kato Sangyo Co., Ltd.||Japan||Toan Gia Hiep Phuoc Trading and Food Processing Joint Stock Company||Vietnam||Services (other)||19|
|16-May-16||VNG Corporation||Vietnam||Tiki Corporartion (38% Stake)||Vietnam||Internet / ecommerce||17|
|30-Mar-16||C Y Foundation Group Ltd||Hong Kong||One Opera Danang Hotel (45% Stake)||Vietnam||Leisure||Mr. My Ngoc Nguyen (Private investor)||14|
|28-Apr-16||Bamboo Capital JSC||Vietnam||Viet Nam Energy and Infrastructure Investment JSC (50% Stake)||Vietnam||Energy||11|
Source: Mergermarket, July 19, 2016