Warburg Pincus’s US$370m investment in shares in Vietnam Technological and Commercial Joint Stock Bank (Techcombank)


Freshfields Bruckhaus Deringer has advised Warburg Pincus on a US$370m investment in shares in Vietnam Technological and Commercial Joint Stock Bank (‘Techcombank’) prior to Techcombank’s IPO.

The deal, which is subject to regulatory approval, marks the largest-ever private equity investment in Vietnam.

Techcombank is one of the most profitable banks in Asia based on last twelve months earnings per share growth, return on equity and return on assets. It is the largest completely private commercial bank in Vietnam based on FY17 total operating income and profit before tax.

This transaction is Warburg Pincus’ fourth investment in Vietnam in the last five years and will be its largest investment in Southeast Asia to date.

The Freshfields team advising on the deal was led by partners Tony Foster and Simon Weller (picture), supported by a cross-office team of lawyers in Vietnam, Hong Kong, Singapore and Amsterdam.

Involved fees earner: Simon Weller – Freshfields Bruckhaus Deringer LLP; Tony Foster – Freshfields Bruckhaus Deringer LLP;

Law Firms: Freshfields Bruckhaus Deringer LLP;

Clients: Warburg Pincus;