Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Thursday, August 15 2019 - 12:00
AsiaNet
SonKim Land Announces US$121 Million Follow-up Fundraising from an Investor Consortium led by EXS Capital, ACA Investments, and Credit Suisse
HONG KONG, Aug. 15, 2019 /PRNewswire-AsiaNet/ --

SonKim Land Corporation ("SonKim Land"), a leading Vietnamese real estate 
developer, is pleased to announce the successful closing of approximately 
US$121 million in fundraising from an investor consortium led by EXS Capital, 
ACA Investments, and Credit Suisse AG, Singapore Branch ("Credit Suisse"). This 
is a follow-up round of fundraising for SonKim Land, after a successful initial 
investment of approximately US$37 million in 2013 and US$46 million in 2016, 
all sponsored, advised and led by EXS Capital. 

SonKim Land is pleased to be partnering again with existing investors ACA 
Investments and Lemongrass Master Fund (an entity managed by EXS Capital), both 
of whom have committed additional funds to this round of fundraising for SonKim 
Land. This is now the 2nd round of investment from ACA Investments and the 3rd 
round of investment from Lemongrass Master Fund. 

Hiroyuki Ono, Partner at ACA Investments, commented, "We are delighted to 
increase our investment into SonKim Land more than 5 times from the initial 
investment in 2016. Congratulations to SonKim Land team led by Chairman Tuan 
and CEO Andy Han for the well deserved fundraising as they have proved to us 
every year that they can deliver one of the best projects in Vietnam. We are 
pleased to correspond to their achievement by bringing more capital together 
with new investor like Credit Suisse. We continue to support SonKim Land and 
looking forward to bigger success."

Eric Solberg, CEO of EXS Capital, commented, "We are pleased to sponsor this 
3rd round of investment into SonKim Land with additional investment from the 
Lemongrass Master Fund. As our partner since 2013, SonKim Land continues to 
deliver strong results and reinforce its reputation as one of Vietnam's best 
real estate developers. We look forward to working with the new co-investors on 
the company's continued success under the leadership of Chairman Tuan, CEO Andy 
Han, and the SonKim Land management team."

In addition, SonKim Land is working with other new investors for this 
fundraising round including Skymont Capital, an Asia-based investment 
management group, as well as Credit Suisse, one of the most active global 
financial institutions in Vietnam.

Rehan Anwer, Co-head of Southeast Asia and Frontier Markets Investment Banking 
& Capital Markets, Credit Suisse, commented, "Credit Suisse is committed to 
serving the diverse financing needs of entrepreneurs and we are proud to play a 
role in supporting SonKim Land's further growth as it fulfills its ambitions to 
be among Vietnam's leading real estate investment and development companies. 
This transaction demonstrates continued international investor interest in 
Vietnam."

Alex Lin, Managing Partner at Skymont Capital, commented, "We look forward to 
working with SonKim Land as well as the co-investors to create exceptional 
value for all stakeholders in one of the fastest growing markets in the region. 
This investment exemplifies Skymont's continued commitment to the region."

Alongside these investors, Son Kim Investments, the parent company of SonKim 
Land, will also be participating in this fundraising round to continue fueling 
the company's growth. The investor consortium and Son Kim Investments are 
investing through a combination of redeemable convertible loans and common 
equity.

Since 2013, SonKim Land has grown rapidly, with its latest award-winning luxury 
properties in Ho Chi Minh City including Serenity Sky Villas and the launch of 
Metropole Thu Thiem. These developments have won several awards in Vietnam and 
globally, including Best Condominium in Asia-Pacific and Best International 
Condominium at the 2018 International Property Awards in London. SonKim Land 
also won Best Boutique Developer in Vietnam and Asia, further reinforcing its 
reputation as a world-class real estate company.

With this latest round of fundraising, SonKim Land aims to continue developing 
its pipeline of attractive developments across Vietnam, including luxury 
residential, commercial & hospitality developments in Ho Chi Minh City. 

Nguyen Hoang Tuan, Chairman of SonKim Land, commented, "The success of this 
US$121m fundraising with investments from prestigious international investors 
has marked a great milestone for SonKim Land. We are very grateful to receive 
continued support and trust from our existing investors such as EXS Capital and 
ACA Investments to participate in this fundraising round. We are also proud to 
attract more new investors, including Skymont Capital and Credit Suisse, one of 
the biggest international banks, to support our future growth. We will continue 
to uphold our reputation as the pioneering luxury property developer in Vietnam 
as well as further expand our business in larger scale projects in residential, 
commercial and hospitality sectors. The real estate market of Vietnam will be 
kept amazed by our world-class quality projects."

About SonKim Land:

SonKim Land is a pioneering luxury property developer in Vietnam, creating 
unique living quality for top luxury customers. The company's strategy is to 
focus on the luxury and high-end residential, hospitality, and office 
developments. For additional information about SonKim Land, please visit 
www.sonkimland.vn.

About EXS Capital:

Founded in 2007, EXS Capital is an independent investment group based in Hong 
Kong and dedicated to the Asia Pacific region. EXS Capital and its team are 
licensed by the Hong Kong Securities and Futures Commission, the Hong Kong 
Estate Agents Authority, as well as the Cayman Islands Monetary Authority. 

EXS Capital sponsors bespoke opportunities on a deal-by-deal basis, investing 
with a value-driven, contrarian approach. This model of "direct private equity" 
allows EXS Capital to generate superior returns through customized deal 
structures, offering investors greater transparency and flexibility in 
comparison to traditional closed-end private equity funds. For management 
teams, EXS Capital acts as a long-term capital and strategic partner, offering 
greater alignment of interests over multiple transactions to drive lasting 
success. 

Since its inception, EXS Capital has led several hundred US$ million in 
alternative investments in Asia, representing over US$1 billion in enterprise 
value. To date, all of EXS Capital's deals have been strongly profitable for 
both investors and management. For additional information, please visit EXS 
Capital's website at www.exscapital.com.

About ACA Investments:

ACA is a fund investment group based in Singapore, established in 2008 with 
Daiwa Securities Group as its strategic partner. ACA stands for "Asian Capital 
Alliance". As the name implies, ACA links the Asian markets through its 
investments. ACA and its global network of strategic partners provide financial 
and strategic solutions to its portfolio companies.

ACA as a group engages in managing investment funds based on four strategies: 
"Asian Investments", which focuses on rapidly growing Asian economies; 
"Strategic Investments", which invests in companies judged to have high 
potential competitiveness; "Business Succession", which supports domestic small 
and medium enterprises; and, "Healthcare Investments", which specializes in 
both medical and nursing care. ACA has established itself as one of the 
best-performing Japanese fund managers since its inception, consistently 
delivering superior investor returns on over $1,600 million in managed assets.

ACA and its Japanese subsidiary are both licensed and registered by the 
Monetary Authority of Singapore and Kanto Regional Finance Bureau (Japan) 
respectively. For additional information, please visit ACA's website at 
www.acainc.jp/en/.

About Skymont Capital:

Skymont Capital ("Skymont") is an investment management company based in Asia 
focused on investing in exclusive institutional real estate private equity 
opportunities for our investors and partners. Skymont was founded by former 
executives of leading global private equity and investment managers with 
decades of experience as a fiduciary, investing and managing capital for 
institutional and private investors. Skymont currently manages investments 
across multiple jurisdictions in Asia, U.S. and the U.K. For more information, 
please visit: www.skymontcapital.com.

About Credit Suisse AG:

Credit Suisse AG is one of the world's leading financial services providers and 
is part of the Credit Suisse group of companies (referred to here as 'Credit 
Suisse'). Our strategy builds on Credit Suisse's core strengths: its position 
as a leading wealth manager, its specialist investment banking capabilities and 
its strong presence in our home market of Switzerland. We seek to follow a 
balanced approach to wealth management, aiming to capitalize on both the large 
pool of wealth within mature markets as well as the significant growth in 
wealth in Asia Pacific and other emerging markets, while also serving key 
developed markets with an emphasis on Switzerland. Credit Suisse employs 
approximately 46,360 people. The registered shares (CSGN) of Credit Suisse AG's 
parent company, Credit Suisse Group AG, are listed in Switzerland and, in the 
form of American Depositary Shares (CS), in New York. Further information about 
Credit Suisse can be found at www.credit-suisse.com.

Source: EXS Capital
Translations

Japanese