M&A activity rebounds in Vietnam in Q1

Merger and acquisition (M&A) activity in Vietnam declined in 2016 in value and volume compared to 2015, with 39 deals worth $2.6 billion, according to the Volatility and Opportunity: Energy M&A in Asia-Pacific report released by Eversheds in collaboration with Mergermarket.


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In the first quarter, however, M&A volumes and values both increased year-on-year, with 13 deals worth $616 million, compared to six deals worth $85 million in the same quarter last year.

Notable deals included Thailand’s SCG Cement - Building Materials Company Limited buying the Vietnam Construction Materials JSC for $440 million and Japan’s Earth Chemical Co., Ltd buying the A My Gia JSC for $81 million.

According to the report, energy M&As in Asia-Pacific may not have seen a record year in 2016 but it was still one for the record books. 

While falling 33 per cent year-on-year in value, overall announced deals maintained pace with 2015’s 196, closing the year with 198 transactions valued at $77.6 billion. 

Increasing oil prices and government support for renewables bolstered the M&A deal flow in Asia-Pacific’s energy market last year.

The leading sub-sector in M&A activity in Asia-Pacific was renewable energy transactions, involving wind, solar, hydro, and geothermal power, which accounted for more than half of Asia-Pacific’s energy M&A transactions in 2016 (52 per cent), up from a 44 per cent in 2015.

China maintained its position as the leading market for Asia-Pacific energy M&As in 2016, accounting for 36 per cent of deals and 31 per cent of value. India had the second-largest totals, accounting for 18 per cent of deals and 22 per cent of value, followed by Australia with 11 per cent of deals and 20 per cent of value.

Period

Value ($m)

Volume

2013

1,308

31

2014

846

25

2015

4,104

48

2016

2,640

39

2017 YTD

616

13

Top Deals in Vietnam
Announcement DateBidderBidder CountryTargetTarget CountryTarget IndustryDeal Value (US$m)
7/3/2017SCG Cement-Building Materials Company LimitedThailandVietnam Construction Materials JSCVietnamConstruction440
30/3/2017Earth Chemical Co., Ltd. JapanA My Gia Joint Stock CompanyVietnamConsumer: Other81
5/1/2017GTNFoods JSCVietnamVietnam Livestock Corporation  (57.34% stake)VietnamAgriculture23
6/2/2017Vinh Hoan CorporationVietnamThanh Binh Dong Thap Fisheries JSCVietnamConsumer: Foods16
15/2/2017Sulyna Hospitality Hotel Restaurant Travel Service Company Limited VietnamBerjaya Long Beach Limited Liability Company (70% stake)VietnamLeisure15

VN Economic Times

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