Skip to main content

news

 

Magic Circle law firm Clifford Chance and Allens have advised Netherlands-based consumer finance provider Home Credit Group on the 800-million-euro ($870 million) sale of its Vietnam business to Thailand’s Siam Commercial Bank, which was advised by Linklaters and Vilaf.

Home Credit Vietnam is Vietnam’s second-largest consumer finance company by market share, with more than 15 million customers.

The sale of the Vietnam business marks the latest Southeast divestment by Home Credit, which in 2022 offloaded its Philippines and Indonesian businesses to Japanese banking giant MUFG for $621 million. Clifford Chance advised Home Credit on that deal as well, while Nishimura & Asahi advised MUFG.

The Clifford Chance team was led by Hong Kong partner Emma Davies, with support from partners Zayed Al Jamil (tech and data separation) and Nicola Hemsley (international tax aspects).

The Linklaters team was led by partner Sutthipong Koohasaneh, with support from Matthew Middleditch, chairman of the global corporate practice.

The Vilaf team was led by chairperson Duyen Ha Vo and included partners Phong Tran, Tung Nguyen, and Lam Nguyen.

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.