Golden Gate currently owns and operates 11 proprietary restaurant brands across more than 60 restaurants located in and around Ha Noi and HCM City. — Photo chonmua

HA NOI (Biz Hub) — Standard Chartered Private Equity (SCPE) yesterday announced the acquisition of a significant minority stake in Golden Gate Trade and Services Joint Stock Company (Golden Gate).

The largest domestic developer and operator of Asian full-service restaurants in Viet Nam, Golden Gate currently owns and operates 11 proprietary restaurant brands across more than 60 restaurants located in and around Ha Noi and HCM City. SCPE will provide strategic inputs for Golden Gate's business planning and support the management in its expansion plans.

This is the first investment in Viet Nam for SCPE and represents the latest addition to its extensive portfolio in Southeast Asia. SCPE invests in successful businesses across sectors and is actively seeking opportunities in the region. It invests in companies backed by the best in class management teams in private equity and mezzanine structures.

Nirukt Sapru, Chief Executive Officer of Standard Chartered Bank Viet Nam, said he believed that their broad international network, coupled with a full suite of innovative and customised products and services, will assist Golden Gate in their growth ambitions. He added that the investment is a reaffirmation of their long-term commitment to Viet Nam, where they have been since 1904 and have been investing more resources to capture the business opportunities available, and to drive investment, trade and the creation of wealth.

" SCPE is the right partner with its extensive network in this region, and together we will maintain the rapid growth that Golden Gate has achieved recently," said Dao The Vinh, Chief Executive Officer of Golden Gate. — VNS