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Bibo Mart receives strategic investment from ACA Investments

Released at: 14:41, 23/05/2017

Bibo Mart receives strategic investment from ACA Investments

Illustrative image (Source: bibomart.com.vn)

Investment sees ACA secure a 20% stake in retailer of mother and child products.

by Hai Van

The Bibo Mart Joint Stock Company (JSC) received a strategic investment from Asian Capital Alliance (ACA) Investments on May 23.

ACA Investment is a Japanese fund manager under the Sumitomo Group. The investment will see it acquire a 20 per cent holding in Bibo Mart.

Bibo Mart is retailer selling products for mothers and children and was established in 2006. It now has some 120 stores around Vietnam, which it expects to increase to 180 this year and 500 by the end of next year. Minimum revenue is expected at $300 million with an enterprise value of $500 million.

Mr. Hiroyuki Ono from ACA said the fund is keen to invest in the long-term in Bibo Mart and may increase its holding in the future.

ACA Investments is one of the best-performing fund managers in Asia, with a head office in Singapore and extensive experience in investing in projects in the Asia-Pacific region.

It was established in 2008 and has a focus on growing companies in specific industries as well as investment-related services such as mergers and acquisition advisory.

It aims to bring a high return on investment and currently manages $900 million.

It has invested in Malaysia, Indonesia and Singapore and has experience in Vietnam, with projects including Son Kim Land, Cungmua, and Viet Thanh Technology (under VTV Cab).

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