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Electronics retailer buys stake in VN company for $4.2m
Aureos Capital will acquire an 18.5-per-cent stake in Ha Noi-listed Tran Anh Digital World Company at a cost of US$4.2 million, under a strategic partnership deal inked on Thursday between Tran Anh and Auroes Southeast Asia Fund, an affiliate of Auroes Capital.
The partnership would give Aureos Capital access to a high-potential market in retail home electronics, which is booming in Viet Nam, said Aureos partner Srisant Chitvaranund.
"We are very proud to become the strategic partner of one of a few prestigious retailers which is not only widely accepted by consumers but by all of its other partners," Chitvaranund said, pledging to make every possible contribution to promote the brand.
"After studying many offers from different potential partners, Tran Anh was persuaded by the expertise of Aureos as a global investment fund manager and its strategic assistance plan to foster the company's growth," said Tran Anh chairman Tran Xuan Kien.
Paul Coleman, a representative of Pricewater-houseCoopers Viet Nam, which served as a financial advisor to the deal, said Auroes was a good fit with Tran Anh Company and would strengthen the company's capacities to meet its objectives moving forward.
"We also believe that this deal highlights that many sectors in Viet Nam, including retail, offer attractive acquisition opportunities for overseas investors," said Coleman.
Tran Anh has also inked a deal with Sacombank Securities Company, making the brokerage house the financial advisor to the company in its plans to raise capital through equity markets. Sacombank Securities will also serve as a consultant for future corporate restructuring.
Aureos Capital is a global private equity fund management firm which specialises in providing capital to small- and medium-sized enterprises in 50 emerging markets in Asia, Africa and Latin America.
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