Vietnam restaurant chain Huy Vietnam secures a $15 mn Series B funding

Vietnam

Institutional investors and regional family offices from Malaysia, Korea and Hong Kong have led a Series B round of funding of about $15 million for Huy Vietnam Group Limited, the largest restaurant chain, almost a year after the company received $3.5 million in the Series A financing.

The PE firms that participated in this round of funding include Asian investment firms, AIF Capital Asia IV, L.P. (AIF Capital) and Fortress Capital Asset Management (M) Sdn Bhd (Fortress Capital).

Huy Vietnam, in a statement said it plans use this round of funding to enhance the visibility, presence and reach of its three brands – Mon Hue, Com Express and Pho Ong Hung – over the next two years, and also expand operations to the country’s capital Hanoi.

The company has built a network of 40 outlets across the three brands, since it launched in 2007, and claims its unique selling point to be its authentic local Vietnamese cuisines in a modern and comfortable environment. It is also the country’s first international and professionally managed restaurant chain.

The restaurant chain’s co-founder, chairman and CEO Ky Huy said the financing would help its three brands ‘capture significant market share in both Ho Chi Minh City and Hanoi’.

The restaurant business in Vietnam has seen a boost as its trend growth rate across the last decade has been at around 7%, resulting in surge in the number of people eating out.

Photo – freedigitalphotos.net

Also read:

Templeton leads $15m Series C for Vietnam restaurant operator

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.