DC Advisory (DC) advised Noi Bai Express and Trading Joint Stock Company and its shareholders on the sale of a combined majority stake in Netco to a consortium of investors comprising GD Express Carrier Bhd 'GD Express' and 3 Comma Capital Company Limited '3 Comma Capital', through new share placement and vendor share sale.
The sale allowed Netco to establish a strategic partnership with a leading last-mile logistics player in Southeast Asia and a reputable financial investor with local access, and enabled Vendors to successfully exit partially from their initial investments.
Netco is a leading provider of courier services in Vietnam, with operations covering all 63 provinces across the country and more than 4,000 customers including MNCs.
GD Express is the largest private last mile service provider in Malaysia with a growing regional presence. Its investors include Yamato Holdings Japan and Singapore Post Singapore, amongst others.
3 Comma Capital is a Vietnam-focused investment fund backed by local strategic players.
The strategic alliance allows Netco to leverage GD Express’ global customer network and expertise in last-mile operations, as well as 3 Comma Capital’s local connections and know-how, to further expand its business in Vietnam.
The alliance also marks the entry of GD Express into Vietnam, as it paves the way for broader expansion into the Southeast Asian region.
As exclusive financial advisor, DC successfully brought an international consortium of investors with strong last-mile logistics strategic value to Netco.
We advised on targeted investor search, due diligence, negotiation and closing to ensure a smooth cross-border transaction in a restricted sector, providing a partial exit for the Vendors, and capital raise for Netco.