Lion Capital and GrandFord sign cooperation deal

The HCM City-based fund management company Lion Capital

The HCM City-based fund management company Lion Capital yesterday signed a partnership agreement with GrandFord Venture Capital Company.
 According to the signed agreement, GrandFord has committed to invest at least US$50 million into the two specialized investment funds specializing that Lion Capital plans to set up this year.
 In the initial stage, the two funds will raise some US$200 million from domestic and foreign investors to invest in equitized companies and real estate projects in Vietnam, Lion Capital president Bui Cong Giang said at the signing ceremony in HCM City.
 The management team has contributed US$10 million into the fund, Giang said, adding he was delighted to join forces with Grand Ford, a leading Asia Pacific fund, strong in infrastructure, real estate and equitization.
 Lion is waiting for approval of the State Securities Commission to change its name into Anpha Capital, he added.
 Desmons Lin, general director of GrandFord Venture Capital, says: “This is a unique opportunity for us to participate in a land¬mark partnership with Lion Capital to capitalize on their local license, deal sourcing, and tremendous local team.”
 Launched in December 2006, Lion Capital’s strategy is to achieve outstanding capital growth through investment in pre-equitized State-owned and private enterprises, real estate projects and the stock market.
 GrandFord Venture Capital, an investment fund incorporated in Mauritius, invests in infrastructure, industrial parks, equitized companies, commercial and residential areas, hotels and resorts. GrandFord has built over 500 bridges in Asia, invested in a number of projects in HCM City such as the Legend and Saigon Riverside hotels, and is looking for other projects all over Vietnam.

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