Simpson Thacher Represents Vingroup in Connection with Strategic Investment by Warburg Pincus in Vincom Retail
05.31.13
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The Firm is representing Vingroup Joint Stock Company, Vietnam’s largest private-sector real estate operator, in connection with definitive agreements by a consortium led by an affiliate of Warburg Pincus to make a $200 million investment in Vincom Retail. The definitive agreements also include a commitment from Warburg Pincus to participate in future capital raising by Vingroup in an amount of up to US$25 million, and an opportunity for the consortium to invest an additional US$100 million in Vincom Retail to expand the platform and explore future retail property-related opportunities.
Vincom Retail, a subsidiary of Vingroup, is Vietnam’s largest owner and operator of shopping malls and is comprised of seven assets valued at approximately US$1.1 billion. Subject to the satisfaction of certain closing conditions, the parties expect the first stage of the transaction to close by the end of the second quarter.
The Simpson Thacher team includes Katie Sudol, Ian Ho, Justin Wong, Rich Lin and Matthew Schwartz (M&A); Jonathan Hwang (Financing); Daniel Foster (Tax); Nate Hagerman (Real Estate); and James Connor (English law).