27 June 2017
BDA advises VMG Media on sale of VNPT ePay to UTC Investment
Divested VNPT ePay to UTC Investment
BDA Partners is pleased to announce that its clients, VMG Media, a digital media group in Vietnam, and individual shareholders have sold a 65% stake in VNPT ePay. The buyer is UTC Investment, a Korean technology-focused private equity firm, backed by Daesang Corporation.
VNPT ePay is a leading payment technology company in Vietnam, providing payment gateway for online services, top-up pin code distribution, bill payment collection, e-wallet and e-commerce delivery payment. Vietnam Posts and Telecommunications Group, Vietnam’s largest telecommunications company, is retaining its 35% stake in the business.
Chau Nguyen Anh, CEO of VNPT ePay, said, “ePay looks forward to its next stage of development with its new majority owner. VNPT ePay will benefit from UTC Investment’s experience in Korea’s advanced payments market. Vietnam’s payment market is continuing to rapidly develop, and VNPT ePay is excited to remain at the forefront of the industry.”
Paul DiGiacomo, Managing Director at BDA, said “We are delighted to have helped VMG Media in this important transaction. By running a competitive global process, we are confident that we have maximized shareholder value and found VNPT ePay an excellent new shareholder. This transaction highlights BDA’s strength in executing cross border M&A transactions and our increased focus on the fintech space.”
About VMG Media
VMG Media is a pioneer in digital media in Vietnam, with business interests including online media content, games, advertisement, e-commerce, social media and other areas. VMG developed its subsidiary ePay into a market leader in Vietnam’s payments industry and is now seeking to focus on its core digital media operations.
About UTC Investment
UTC Investment is a Korea based private equity firm focused on the technology industry. It is backed by Daesang Corporation, a leading Korean food and food seasoning company with years of experience in Vietnam. UTC has substantial experience in financial technology, with successful investments in Bitcash, Finger, Kaneju Securities, Kardnet, Mybi, Starbank and others.
BDA Partners is a leader in cross-border investment banking involving Asia. BDA advises on M&A and capital raising. BDA has been consistently owned and managed by the same team since 1996. BDA has a track record of providing independent advice to blue-chip corporate and financial sponsor clients from North America, Europe, and Asia. BDA is headquartered in New York with offices in London, Dubai, Mumbai, Ho Chi Minh City, Singapore, Hong Kong, Shanghai, Seoul, and Tokyo. BDA formed a partnership with William Blair & Company in 2011. www.bdapartners.com
US securities transactions are performed by BDA Partners’ affiliate, BDA Advisors Inc, a broker-dealer registered with the Securities and Exchange Commission (SEC). BDA Advisors Inc. is a member of the Financial Industry Regulatory Authority (FINRA) and SIPC. In the UK, BDA Partners is authorised and regulated by the Financial Conduct Authority (FCA). In Hong Kong, BDA Partners (HK) Ltd is licensed and regulated by the Securities & Futures Commission (SFC) to conduct Type 1 and Type 4 regulated activities to professional investors.
Acquired by WNS
Divested Doosan Enpure to SKion Water
Series D capital raise
Acquired by Blackstone
Acquired Cians Analytics
Series A capital raise
Series C capital raise
Acquired by Prodapt
Divested stake in WINS to KCGI
Acquired by Accenture
Invested $150m in Virtuos
Series D capital raise
Divested 100% stake to Audax-backed Mobileum
Divested CSS Corp
Divested majority stake to Cognizant
Acquired by NTT Communications
Investcorp invested up to $250m in China Everbright New Economy Fund
Divested Apple World to ZIGExN
Divested Kingstar to Zhongping Capital
Growth capital raise