Mayer Brown JSM Advises On Majority Sale Of Cambodia's PRASAC Microfinance
Legal News & Analysis - Asia Pacific - Cambodia
21 March, 2017
Mayer Brown JSM announced that it advised the sellers on the majority sale of PRASAC Microfinance Institution (PRASAC) in one of the most significant transactions in Cambodia to date.
Mayer Brown JSM advised Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. ("FMO"), the Dutch development bank, Belgian Investment Company for Developing Countries SA , and Dragon Capital Group Ltd. as international counsel on the sale of their collective 67% shareholdings in PRASAC, Cambodia’s largest microfinance institution with more than US$1.3 billion in assets.
The Mayer Brown JSM team was led by Ho Chi Minh City-based Corporate & Securities partner David Harrison.