Russin & Vecchi acted as counsel to Son Kim Retail Corporation (“SKR”) to receive an investment by IFC of up to VND460 billion (approximately US$20 million).  SKR is a member of Ho Chi Minh City-based conglomerate, Son Kim Group; it develops and operates a multi-channel and diversified retail ecosystem within the group.  IFC’s investment was made in a new form of quasi-equity (a hybrid form of finance with characteristics of both debt and equity) in a wholly owned subsidiary of SKR which subsidiary owns GS25 Vietnam.  IFC’s investment will support SKR’s ambitious expansion in the fast growing convenience store business under the GS25 brand.

The Russin & Vecchi team was led by Partner Nguyen Huu Minh Nhut, and was supported by Associates Tran Nguyen Tam Huong and Le Quoc Duy.