Transactions and operations

M&A & Market Entry

Foreign buyers need a clearer view of Vietnamese targets. Sellers need access to the right counterparties. We work between the two.

Our thesis

Deals in Vietnam usually stall on information, structure, or approvals before they stall on capital.

We help international principals and local counterparts work from the same facts and the same process.

Jurisdiction
Vietnam & ASEAN
Counterparts
SOEs & corporates
Engagement
Buy & sell-side
Sectors
Tech, health, logistics
Horizon
Per mandate
01Perspective

Bad information makes good deals look bad

By the time diligence reveals the problem, months have passed and the structure may already be hard to change.

Southeast Asia's deal market is active, but closing still takes careful work. Information gaps hide counterparty risk. A structure built for another market often needs to be redesigned for Vietnam. Financing problems can surface only when a lender begins its review. We coordinate principals, local counterparts, advisers, and authorities so the information, approvals, and transaction documents line up before capital is exposed.

02The Problem

Where cross-border transactions break

Information, structure, and financing create friction at different points in a deal.

The Pressure

Southeast Asia is attracting capital

Southeast Asia drew over $224B in FDI in 2022, and regional M&A reached $57.6B in 2024, up 28% on the year. As companies diversify beyond China, much of that interest is landing on Vietnamese technology, healthcare, and financial services.

The Friction

Targets are hard to read

Buyers need a clearer view of the target, the counterparty, and the approval path. Sellers often struggle to reach the right international buyer. The information gap costs both sides time.

The Corvus Mandate

Sourcing and coordination

We source through relationships with authorities, SOEs, and corporates, then coordinate diligence, structure, and approvals around the way the process works in Vietnam.

The Pressure

Rules differ by sector

Ownership caps, approval authorities, and tax treatment shift sharply from technology to healthcare to logistics to manufacturing. Knowing the sector is not enough; the deal also has to clear the regulators who govern it.

The Friction

Structures need rework

Merger control, investment screening, and sector caps create a different approval path for each deal. A structure built elsewhere often has to be rebuilt for Vietnam.

The Corvus Mandate

Structure for approval

We map the approvals before the deal is set, then build governance that serves both the commercial case and compliance requirements.

The Pressure

Lenders want a complete file

More deals are now cash- and debt-financed. Before they commit, institutional lenders want complete diligence, clean security, and ESG and governance they can verify.

The Friction

Financing stalls late

Weak diligence, unclear title, or a compliance gap often appears when a lender starts its review. By then, the deal has already lost time.

The Corvus Mandate

Prepare the deal for lenders

We line up diligence, valuation, and documentation so lenders and investors can answer their questions before capital is committed.

03Engagement Model

How a mandate runs

A clear path from first contact to a governed, integrated business.

01

Sourcing and diagnosis

We screen targets through provincial, SOE, and corporate relationships and test the counterparty before the mandate moves forward.

02

Structure and diligence

We shape the deal around its commercial and regulatory conditions, then coordinate legal, financial, and regulatory diligence.

03

Approvals and execution

We map the approval path and keep authorities, advisers, documents, and deadlines aligned.

04

Integration and governance

We stay involved through integration, governance, and compliance after the transaction closes.

04Why Corvus

Built for execution

We work on the sourcing, structure, and approvals that determine whether a deal can close.

Deal access

Relationships and process knowledge that connect you to qualified opportunities.

Transaction structure

Deal architecture that accounts for regulatory, commercial, and financing needs.

Financing preparation

Diligence and documentation prepared for lender and investor review.

Execution

Coordination through approvals, closing, and integration.