VILAF advised owners of Merap Group, a leading Vietnamese pharmaceutical company, in the sale of their equity stake to Lion Corporation, a Japanese consumer goods company. The deal completed in March 2023 granted Lion Corporation 36% equity stake in MERAP Group.

The deal sets to leverage both Merap Group and Lion Corporation’s cooperation in the distribution of pharmaceutical products in Vietnam.

Established in 1999, MERAP Group is a leading pharmaceutical company in Vietnam manufacturing popular brands such as Osla, Xisat, Shema, and Efodyl.

Lion Corporation is one of the leading Japanese toothpaste and toothbrush manufacturers carrying brands such as Clinica, Dentor, and Dent. Established in 1891, Lion Corporation has since then expanded in producing a wide range of consumer goods including hair and skin-care products, home cleaning goods, and pharmaceuticals.

VILAF Partner Hao Nguyen and Senior Associate Huy Nguyen advised this transaction.