SonKim Land won prize for Vietnam’s The Most Notable Deals in 2018 - 2019
Ho Chi Minh city, 06 August 2019 – SonKim Land has won an award for The Most Notable Deals in 2018 – 2019 in Vietnam for its latest round of fundraising of US$121 million in the 11th annual Vietnam Mergers and Acquisitions (M&A) Forum 2019. This renowned award recognizes SonKim Land’s achievement in the international capital markets.
In June 2019, SonKim Land successfully concluded a fundraising of approximately USD 121 million from international investors including EXS Capital, ACA Vietnam Real Estate LP, Skymont Capital, and Credit Suisse. This transaction has been SonKim Land’s biggest fundraising effort since 2013 and is honorably selected as Vietnam’s The Most Notable Deals in 2018 – 2019 in the M&A Forum. This is a successful landmark for SonKim Land in continuing to create high-end and more sustainable projects in its luxury real estate business segment.
“We’re very proud to win Vietnam’s The Most Notable Deals in 2018 – 2019 award of M&A Forum. Following the success from two previous deals in 2013 and 2016, SonKim Land and EXS Capital, a leading independent investment group in Asia, have been continuing our efforts to raise funds for our high-end real estate projects. Having existing investors to continue to participate in the fundraising and attracting a global bank such as Credit Suisse in this deal proves that SonKim Land has been successfully delivering high-quality projects and the company has a lot of potentials to grow bigger”, Mr. Nguyen Hoang Tuan, Chairman of SonKim Land shared.
With the additional capital from this fundraising, SonKim Land will continue to develop more high quality projects for Vietnam property market and expand its business to build bigger scale projects, industrial parks, hotels & resorts, offices, serviced apartments and F&B outlets to maintain its leading position in the luxury real estate market.
With the participation of 500 representatives from domestic and international enterprises and investment funds, accounting for 85 per cent of Vietnam’s deal value, Vietnam M&A Forum is a unique forum in Vietnam to promote effective investment flow and contributes to a transparent M&A market in both quality and quantity. The honor ceremony of Deal and M&A Advisor announced a list of outstanding M&A deals selected by an Independent Appraisal Council. This event will help businesses and investors assess and review the development of the scale and nature of M&A activities in Vietnam in the past year.
It is forecasted that in 2019, M&A value may reach USD 6.7 billion. Vietnam M&A not only contributes to the promotion of foreign investment in Vietnam through M&A, investment connection between domestic and foreign partners but also offers many useful recommendations to the government authorities to improve the legal framework and policies on M&A, contributing to promote economic growth and international integration of Vietnam. The most exciting deals in 2018-2019 focus on exploiting Vietnam's market of more than 96 million people, including consumer goods manufacturing and real estate.