Acquisitions in Vietnam

Hakuhodo acquired a majority stake in BCM Venture Integrated Co. Ltd., a Vietnam-based integrated digital marketing agency, making BCM a consolidated subsidiary of the Hakuhodo Group. The deal is intended to strengthen Hakuhodo’s digital capabilities in Vietnam, including e-commerce management and website/app development, as demand for digital transformation accelerates.

Concentrix Corporation acquired SAI Digital, an end-to-end digital commerce and customer experience (CX) technology solutions provider with a delivery center in Vietnam. The acquisition strengthens Concentrix’s digital commerce, AI, and CX capabilities across the Asia Pacific region and expands its presence in Vietnam as a strategic innovation hub. Financial terms were not disclosed.

Warburg Pincus announced a growth investment in Xuyen A, a leading private tertiary general hospital group in Vietnam. Xuyen A operates a portfolio of four large-format, multi-specialty hospitals in Southern Vietnam, and the investment is intended to support the group’s next phase of expansion and care offering enhancement.

A consortium led by Warburg Pincus completed a US$250 million investment/financing in No Va Land Investment Group JSC (Novaland), a leading Vietnamese real estate developer. Novaland plans to use the proceeds to expand its land bank and fund development of ongoing flagship projects, marking the start of a strategic partnership between Warburg Pincus and Novaland.

Eurofins Scientific, through its subsidiary Eurofins Clinical Testing Lux Sarl, acquired Genetic Testing Service JSC (Gentis), a Vietnam-based provider of specialised DNA/genetic testing services. The deal expands Eurofins’ clinical genetic testing footprint in Vietnam and supports its broader growth strategy in Asia and specialised clinical diagnostics.

Eurofins Scientific, through its subsidiary Eurofins Clinical Testing Lux Sarl, has acquired Genetic Testing Service JSC (Gentis), a Vietnam-based provider of specialised DNA/genetic testing services. The deal expands Eurofins’ clinical genetic testing and diagnostics footprint in Vietnam and supports its broader growth strategy across South East Asia.

Masan Group and a consortium led by Alibaba Group and Baring Private Equity Asia signed definitive agreements to acquire a 5.5% stake in The CrownX for USD 400 million. The investment implies a USD 6.9 billion pre-money valuation, with Masan retaining 80.2% ownership post-transaction and The CrownX partnering with Lazada to accelerate offline-to-online retail in Vietnam.

TA Associates completed a minority investment in MISA Joint Stock Company, a leading Vietnamese provider of accounting, financial, ERP and business management software. Financial terms were not disclosed, and TA Associates will support MISA’s continued growth including expansion and a transition toward more advanced cloud-based SaaS products.