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04 August 2015

Charles Russell Speechlys advises VinaCapital Group on the establishment of VCG Partners Vietnam Fund

Charles Russell Speechlys has advised VinaWealth Fund Management JSC, the investment manager of VCG Partners Vietnam Fund, a sub-fund of Forum One, a Luxembourg UCITS, and its associated company VinaCapital Investment Management Limited, the investment manager of AIM quoted Vietnam Infrastructure Limited (VNI).

VinaCapital Group is a leading investment management and real estate development firm in Vietnam, with a diversified portfolio of USD1.5 billion in assets under management. VCG Partners Vietnam Fund is the first UCITS fund that VinaCapital Group has managed.

This was a complicated transaction involving the establishment of VCG Partners Vietnam Fund, the contribution in specie of listed securities and cash by VNI, the reorganisation of VNI’s authorised and issued share capital into Private Equity Shares and Listed Portfolio Shares and the admission to trading on AIM of the new class of Listed Portfolio Shares.

Tony Hsun, Managing Director of VinaCapital Group said “This was a complex transaction, involving many different parties and jurisdictions. Charles Russell Speechlys played an important role in ensuring the transaction ran smoothly and had superb communication with all parties throughout. ”

Victoria Younghusband, Corporate Partner at Charles Russell Speechlys said: “We are delighted to have assisted VinaCapital Group in achieving a successful restructuring of VNI and the launch of its first UCITS fund. ”

The Charles Russell Speechlys’ team was led by Corporate Partner Victoria Younghusband. She was supported by Corporate Trainee Solicitor Christina Fleming and assisted on Luxembourg legal questions by David Louis, Partner and head of Investment Funds in our Luxembourg office.