18/8/2025

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Weekly Newsletter - Third week of August 2025

Weekly Newsletter - Third week of August 2025

Vietnam

Investment/M&A activities:

  • Vietnam sees $786 million in July M&A across key sectors: Vietnam’s M&A market recorded USD786 million in deal value across 34 transactions in July 2025, with robust activity in real estate, technology, energy, logistics, infrastructure, and healthcare. Healthcare saw Singapore’s Dale Investment Holdings acquire a 73% stake in Tam Tri Medical, and in energy, EnQuest PLC purchased Harbour Energy’s Vietnam assets for over USD85 million. Despite policy uncertainties, the M&A outlook remains cautiously optimistic amid Vietnam’s projected GDP growth and expanding investor interest. Read more here.

Others:

  • FPT Corporation inaugurates its fourth data center in Vietnam: FPT Corporation has inaugurated its fourth data center in Vietnam—FPT Fornix HCM02—located in Saigon High-Tech Park, Ho Chi Minh City. Spanning eight floors and 10,000 square meters, it houses 3,600 racks, making it the largest in the country by rack count. Built on a Carrier Neutral model, the facility enhances connectivity, cost efficiency, and digital sovereignty. This launch expands FPT’s national footprint to four major data centers with a combined capacity of over 7,000 racks. The move underscores Vietnam’s accelerating digital infrastructure growth, further evidenced by Viettel’s concurrent USD664.9 million investment in the An Khanh Data Center in Hanoi, and its hyperscale facility underway in HCMC, designed to support high-performance AI workloads. Read more here.

SEA

Investment/M&A activities:

  • IFC proposes to invest up to $60m in Lakeshore's third, Thai-focused PE fund: The International Finance Corporation (IFC) is proposing up to USD60 million in investment for Lakeshore Capital III, the latest private equity fund from Thailand-based buyout firm Lakeshore Capital Asia Ltd, targeting a USD250 million fund size. The commitment includes a USD30 million direct investment (capped at 20% of total commitments) and a USD30 million co-investment envelope. Lakeshore III will focus on mid-sized companies in Thailand, with up to 30% of capital allocated to Vietnam, Cambodia, and Laos, across sectors such as consumer, healthcare, business services, and industrials. IFC’s support aims to mobilize institutional capital, improve governance and sustainability, and promote gender inclusion, while also aligning the fund with Paris climate goals and providing ESG guidance for healthcare investment. Read more here.

EMEA

Investment/M&A activities:

  • AfricInvest backs Kenyan medical oxygen provider: AfricInvest, via its Transform Health Fund, has invested USD10.5 million in HewaTele, a Kenyan medical oxygen provider, to support the construction of a large-scale liquid oxygen facility producing 99.6% purity oxygen—well above WHO’s 90% standard. This investment addresses a critical gap in East Africa’s healthcare infrastructure, where over 70% of Kenya’s existing oxygen plants are either non-functional or substandard. Structured as a senior secured bridge facility, the funding complements backing from existing investors including Soros Economic Development Fund, Finnfund, UBS Optimus Foundation, and Grand Challenges Canada. The deal highlights growing investor interest in scalable healthcare solutions across underserved African markets. Read more here.
  • Cygnum Capital in Seychelles energy deal: Cygnum Capital, through its Facility for Energy Inclusion, has extended a USD5.7 million senior debt facility to Qair Group to support renewable energy development in Seychelles. The financing will fund the construction and operation of a 5.80 MWp floating solar PV plant in Providence Lagoon on Mahé Island, marking a significant step in the country’s energy diversification strategy. This initiative aims to reduce dependence on imported fossil fuels, stabilize electricity costs, and help Seychelles reach its goal of sourcing 15% of its energy from renewables by 2030. Read more here.
  • Africa50 green infrastructure fund achieves first close at $118m: Africa50 has announced the first close of its Alliance for Green Infrastructure in Africa Project Development Fund (AGIA-PD) at USD118 million. The fund aims to expand the pipeline of bankable projects and attract private sector investment, with AfDB contributing USD40 million through a mix of grants, junior equity, and commercial equity. Read more here.

Others:

  • New data centres on the way in Dubai and Oman: Turner & Townsend, global consultancy firm, has been appointed to manage a landmark hyperscale data centre project in Dubai, set on a 20,000 sqm greenfield site to bolster local operator du’s cloud infrastructure. Designed for high resilience and energy efficiency. Meanwhile, Ooredoo is launching a dual-purpose data centre and submarine cable landing station in Salalah, Oman—marking the first of its kind in southern Oman. Strategically positioned to link Asia, Europe, and Africa, the Salalah hub will initially support 125 server racks, scaling to 500, and is expected to attract hyperscalers and global cloud providers. Read more here.