Cayman Islands Fund Manager SAM Ink Deal with Local Firms

The Cayman Islands-registered Saigon Asset Management (SAM) Tuesday signed deals with two strategic local partners in HCM City, Phu My Bridge Corp. (PMC) and Savimex Joint Stock Co.

 

The fund manager will be the financial advisor and lead broker to bring foreign institutional investors to PMC in which SAM-managed Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH) hold main stake.

 

SAM will act as a financial advisor and lead fund raiser for three major projects which PMC will develop, including US$120-million BOT Saigon Bridge II and US$250-million Tramway No.1 in HCM City, and US$800-million Ca Pass tunnel connecting Phu Yen and Khanh Hoa provinces on the country’s central coast.

 

In the deal with Savimex, SAM acquired a more than 10 per cent stake in Savimex which has real estate development projects in HCM City and elsewhere in the country.

 

“Besides the invested capital, SAM will seek to contribute value to PMC and Savimex through our financial expertise and collaboration from our network of over 70 investors worldwide who can assist our portfolio companies in various industrial and operation fields,” said SAM Chairman Louis Nguyen.

 

SAM, formerly known as Anpha Capital Group, is currently managing VEH and VPH, two investment funds listed in Frankfurt, with combined capital of US$125 million. (STD, Investment)