GIC-led Consortium’s $203.1 Million Investment in VMC


Latham & Watkins advised Vingroup Joint Stock Company on the deal.

GIC-led consortium executed a VND4.7 trillion (approx. US$203.1 million) investment in VMC Holding Business Investment Joint Stock Company (“VMC”), the parent of Vinmec International General Hospital JSC, the premier private hospital developer and operator in Vietnam.

The consortium’s investment will be used towards the expansion of the Vinmec medical network, to pursue breakthroughs in excellence of care and patient treatment. Following the transaction, Vingroup will continue to be the controlling shareholder of VMC.

Latham’s Hong Kong based team was led by corporate partner Amy Beckingham (Picture), counsel Richard Watkins, and associates Elena Yeung and Joshua Payne. They worked closely with the Vingroupand Vinmec senior management teams to execute this transaction.

Involved fees earner: Amy Beckingham – Latham & Watkins; Joshua Payne – Latham & Watkins; Richard Watkins – Latham & Watkins; Elena Yeung – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Vingroup Joint Stock Company;

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Author: Michael Patrini