Baker & McKenzie recently advised ORIX Corporation, a leading integrated financial services group based in Tokyo, on its acquisition of a 25 percent stake in IndoChina Capital Corporation, a Vietnam focused fund management company.
ORIX intends to support Indochina Capital as a strategic partner in expanding the company’s fund management and advisory businesses. ORIX’s expertise and know-how will facilitate Indochina Capital’s expansion of its core fund management business, with separate strategies focusing on real estate, equities and infrastructure, as well as further develop the group’s financial and corporate advisory services.
ORIX will provide advisory services to Japanese companies entering Vietnam and expand various business opportunities in collaboration with Indochina Capital. ORIX will also actively expand and introduce various operations centered on its fee-businesses in the promising Indochina market with Indochina Capital’s assistance.
Established in 1999, Indochina Capital is recognized as one of the three largest asset managers in Vietnam, Its investor partners include leading institutional investors from North America, Europe and Asia. In 2005, Indochina Capital launched Vietnam’s first real estate fund and now manages a series of private, closed-ended real estate funds with approximately US$500 million of capital under management, which has been invested in projects in Vietnam totalling more than US$1 billion. Indochina Capital develops high quality real estate projects covering a wide range of property types, primarily residential, retail, office, resorts and leisure facilities, including the renowned The Nam Hai resort in Hoi An.
Indochina Capital’s equities fund management division currently manages approximately US$50 million and is now in the market raising additional capital in Japan and elsewhere from high net worth individuals and institutional investors. It also anticipates expanding its scope through the launch of an infrastructure fund, aimed at high demand areas such as environmental, transportation and social infrastructure sectors. It will continue to grow its corporate and financial advisory division, which has an extensive track record advising and arranging investment capital for multinational corporations looking to execute cross-border transactions in Vietnam.
The multi-disciplinary Baker & McKenzie team was led by Fred Burke, Managing Partner of the Vietnam offices, Nguyen Hoang Kim Oanh, a Ho Chi Minh City-based Securities partner, and Hanoi-based Special Counsel, Simon Taylor. They were assisted by a team of lawyers across a number of areas of law, including corporate, securities, banking & finance, employment, market access and tax.
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