PwC (Vietnam) Limited advised Mavin Group Joint Stock Company on its USD52 million fund-raising transaction from International Finance Corporation and the investment fund managed by IFC Asset Management Company - IFC Emerging Asia Fund
The Corporate Finance team of PwC Vietnam is pleased to announce the USD52 million fund-raising of Mavin Group Joint Stock Company (“Mavin”) via issuance of minority equity stake to International Finance Corporation (“IFC”) and the investment fund managed by IFC Asset Management Company - IFC Emerging Asia Fund. The Transaction was signed on 12 May 2022
Established in 2004, Mavin Group operates in feed production, farming activities, food processing, and veterinary medicine production. The Company's operations are mainly in Vietnam. Mavin is among the largest locally built integrated players in the agribusiness sector. Mavin's vertically integrated operations provide the Company with a competitive edge with its lower cost of production and strong biosecurity.
As part of IFC’s crisis response to the impacts of the highly contagious African Swine Fever (ASF) on the regional pork industry, the funding will support the expansion of Mavin’s genetic pig breeding stock and breeding farms in Vietnam. In addition to financing, IFC will also support the company to pioneer improved animal welfare conditions including group sow housing in Vietnam in line with European animal welfare standards.
PwC Vietnam Corporate Finance team acted as the exclusive financial advisor to Mavin in connection with the transaction.
The PwC team:
| Dr Gregory Bournet, CFA Partner, PwC Malaysia and PwC Vietnam |
Angela Yang, MBA Director, PwC Vietnam |
Nguyen Phuong Anh, CPA (Aust) Manager, PwC Vietnam |
Pham Duc Dung, CFA, FRM, ASA, MBA Manager, PwC Vietnam |
| Le Ngoc Lan, CFA Senior Associate, PwC Vietnam |
Get in touch
Johnathan Ooi Siew Loke
Partner, Deals and Consulting Services Leader, PwC Vietnam
Tel: +84 28 3823 0796
