REG - VinaCapital Vietnam - VOF SELLS STAKE IN TAM TRI MEDICAL

VinaCapital Vietnam Opportunity FundAnnouncement

09/06/2025 12:45

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RNS Number : 0395M  VinaCapital Vietnam Opportunity Fd.  09 June 2025

FOR IMMEDIATE RELEASE

VinaCapital Vietnam Opportunity Fund Limited

 (the "Company" or "VOF")

 LEI Number: 2138007UD8FBBVAX9469

 

 

VINACAPITAL VIETNAM OPPORTUNITY FUND SELLS STAKE IN TAM TRI MEDICAL TO

A LEADING REGIONAL HEALTHCARE PRIVATE EQUITY FIRM

 

Ho Chi Minh City, 09 June 2025 - VinaCapital Vietnam Opportunity Fund ("VOF"),
the London-listed closed-end fund managed by VinaCapital, announces that it
has sold one of its top five holdings, its stake in Tam Tri Medical Joint
Stock Company ("TTMC"), Vietnam's leading private healthcare network, to a
leading dedicated healthcare private equity firm in South and Southeast Asia.
Terms of the transaction were not disclosed.

VOF invested in TTMC in 2018
(https://vinacapitalvietnam2024eutfm.q4web.com/news/news-details/2018/storyid-14040284/default.aspx)
as a private equity investment when the healthcare group operated four
hospitals with approximately 400 beds, spread equally across the platform.
Over the past six years, the VinaCapital investment team has worked alongside
TTMC's leadership to support them in the acquisition of three additional
hospitals and commence development of a flagship greenfield hospital. This
expansion has the potential to triple its number of operational beds and
employees. Today, the platform serves over one million patient visits and
20,000 surgical cases annually.

Dr Nguyen Huu Tung, Founder of TTMC, commented, "VinaCapital has been
instrumental to Tam Tri's growth, especially during the unprecedented
circumstances created by the pandemic, and I would like to thank the team for
their tireless support and advice in helping to navigate that challenging
situation and emerge even stronger. We believe the involvement of our new
investor at this pivotal time will accelerate TTMC's next phase of development
and give more Vietnamese people access to affordable, high-quality
healthcare."

Khanh Vu, Lead Portfolio Manager of VOF, stated, "We're privileged to have
played a key role in Tam Tri's growth. Our private equity team supported the
TTMC team throughout the investment, particularly during COVID and the
challenges it presented, through to a phase of growth and expansion where we
helped execute a series of hospital acquisitions to the original platform, to
create one of the leading healthcare networks covering Vietnam's central and
southern regions. We would like to congratulate Dr Tung and his team as the
company enters the next chapter of its evolution as Vietnam's leading private
healthcare network."

Mr Vu continued, "The successful divestment of our stake in Tam Tri Medical is
notable for several reasons. First, we sold our stake at a premium to one of
the region's foremost healthcare investors who understand the market and its
enormous potential. This exit is possible, despite difficulties to global
macro conditions and the private equity deal landscape. Second, this private
equity investment is a prime example of how we can create value as active
investors with a significant minority stake, collaborating closely with
sponsors to help them expand their businesses, through licensing, capital
management, restructuring and M&A activity. Finally, the divestment of a
top portfolio holding frees up capital, allowing us to deploy to other
potential investments our team are evaluating. Although the global economy
continues to be uncertain, Vietnam continues to offer a range of compelling
investment opportunities, particularly now that the development of the private
sector is a government priority. As a longtime investor in Vietnamese
companies, VinaCapital is excited to participate in this critical initiative."

#  #  #

About VOF

Launched in 2003, VinaCapital Vietnam Opportunity Fund Limited is a
Guernsey-domiciled, closed-ended investment company, listed on the Main Market
of the London Stock Exchange under the symbol "VOF". Its investment objective
is to achieve medium to long-term returns through investment either in Vietnam
or in companies with a substantial majority of their assets, operations,
revenues, or income in, or derived from, Vietnam.

VOF is classified as a registered closed-ended Collective Investment Scheme
under the Protection of Investors (Bailiwick of Guernsey) Law ,2020 and is
subject to The Companies (Guernsey) Law, 2008.

VOF is managed by VinaCapital Investment Management Ltd, with sub-delegation
to VinaCapital Fund Management JSC, an entity regulated by the State
Securities Commission of Vietnam.

More information about VOF may be found at
https://vinacapital.com/investment-solutions/offshore-funds/vof/overview/
(https://vinacapital.com/investment-solutions/offshore-funds/vof/overview/) .

 

Enquiries:

 Joel Weiden
 Investment Manager - Communications

 VinaCapital Investment Management Limited
 T: +84 28 3821 9930
 E: joel.weiden@vinacapital.com (mailto:joel.weiden@vinacapital.com)

 Magdala Mullegadoo
 Company Secretary / Administrator

 Aztec Financial Services (Guernsey) Limited
 T: +44 1481 748 814
 E: vinacapital@aztecgroup.co.uk (mailto:vinacapital@aztecgroup.co.uk)

 

 

1.     References to VOF or the Company in this announcement shall mean
VinaCapital Vietnam Opportunity Fund Limited, a non-cellular company
incorporated in the Bailiwick of Guernsey under The Companies (Guernsey) Law,
2008, with registered number 61765. It is authorised by the Guernsey Financial
Services Commission (reference number 2268242) as a registered closed-ended
investment scheme under The Protection of Investors (Bailiwick of Guernsey)
Law, 2020 and in compliance with the Registered Collective Investment Scheme
Rules, as amended.

 

2.     The registered office address of the Company is East Wing,
Trafalgar Court, Les Banques, St Peter Port, Guernsey, Channel Islands, GY1
3PP.

 

3.     This announcement contains information that is inside information
for the purposes of the UK version of the Market Abuse Regulation (EU) No.
596/2014 which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018 (as amended and supplemented from time to time).

 

 

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