Strategic Growth & Governance

Strategic M&A Advisory

Foreign buyers struggle to tell a sound Vietnamese target from a risky one. The best sellers rarely reach the buyers who would pay most. We work in the gap between them.

Our Thesis

In Vietnam, deals rarely stall for lack of capital. They stall on thin information, a structure that will not survive approval, and a regulatory path no one has mapped.

We stand between international principals and local counterparts, turning what each side expects into a process that actually closes.

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

The Deals That Fail Were Mispriced Risk, Not Bad Targets

By the time diligence tells a buyer whether a target is an asset or a liability, months have passed and capital is already exposed.

Southeast Asia's deal market is busy, but closing is still hard. Information gaps hide counterparty risk. A structure built for another market has to be redesigned for Vietnam, not retrofitted. And financing problems tend to surface only when a lender finally runs its checks. This is where we work. Our edge is structural: direct relationships with provincial authorities and strategic corporates, a working command of Vietnamese and ASEAN approval pathways, and the discipline to prepare diligence and documentation to an institutional standard. We coordinate between principals and local counterparts, closing the information gap, aligning the structure with regulatory reality, and getting a transaction financing-ready before any capital is at risk.

02The Problem

Where Cross-Border Transactions Break

At every stage, opportunity runs into friction over information, structure, and financing. We clear each one before it derails the deal.

The Pressure

Capital Is Arriving

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 Opaque

Buyers can rarely vet a target's quality, confirm who they are dealing with, or predict how long approval will take. Sellers, for their part, never reach international buyers. The gap drags out timelines and raises risk on both sides.

The Corvus Mandate

Sourcing & Coordination

We source deals through standing relationships with provincial authorities, SOEs, and corporates, then run diligence, structuring, and approvals so both sides' expectations line up with how the process actually works here.

The Pressure

Regimes 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 make for a tangled approval map. A structure built for one jurisdiction usually has to be rebuilt for Vietnam, and integration and compliance only add to the load.

The Corvus Mandate

Structuring For Approval

We design the transaction to clear its regulators from the start, mapping approval pathways, working with the authorities, and building governance that answers to both commercial and compliance goals.

The Pressure

Capital Demands Bankability

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

Thin diligence, unclear title, or a compliance gap tends to surface at the worst possible moment and stall the financing. Most buyers and sellers do not have the in-house capacity to prepare a deal to that standard.

The Corvus Mandate

Bankability Engineering

We prepare a transaction to institutional financing criteria, lining up diligence, valuation, and documentation so the structure answers lender and investor questions before any capital is committed.

03Engagement Model

How a Mandate Runs, Start to Finish

Four stages that carry a transaction from first contact to a governed, integrated business.

01

Sourcing & Diagnostic

We surface and screen targets through provincial, SOE, and corporate relationships, pressure-test each counterparty, and frame the strategic and regulatory read that shapes the mandate.

02

Structuring & Diligence

We shape the deal to its commercial and regulatory realities, then run legal, financial, and regulatory diligence across data rooms and advisers to keep it bankable.

03

Approvals & Execution

We map the approval path, work the authorities to move clearances along, and keep documentation and timelines aligned so execution does not snag on avoidable friction.

04

Integration & Governance

We see the deal through integration, governance, and compliance, so it delivers the outcome it was meant to once the ink is dry.

04Why Corvus

Built For Execution, Not Introductions

We go after the specific bottlenecks, in sourcing, structuring, and execution, that slow cross-border deals down or kill them outright.

Deal Flow Access

Relationships and process know-how that connect you to qualified, vetted opportunities.

Transaction Structuring

Deal architecture that answers regulatory, commercial, and financing demands at once.

Bankability Preparation

Diligence and documentation readied to an institutional standard.

Execution Agility

Lean coordination through complex approvals and tight timelines.