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M&A News: The Caterers JSC and Epicure Catering Company Limited.
Grant Thornton Vietnam is pleased to announce that we, in the role of a financial advisor, have successfully supported our client – The Caterers JSC - to complete a full sale of its business to Epicure Catering Company Limited.
Established in 2006, The Caterers employs more than 700 full-time staff and provides over 15,000 fresh meals a day to over 36 leading international and bilingual school campuses in Vietnam. The company also caters for more than 640 private events per year.
Epicure Catering Company Limited is a subsidiary of Dusit Foods Co., Ltd (Thailand), which is a wholly-owned subsidiary of Dusit International, one of the leading hotel and property development companies in Thailand.
Vietnam education sector is extremely promising, with over 20 million students in kindergarten and K-12 age. There are approximately 120 international schools currently in operation in Vietnam, and a countless number of bilingual and kindergarten schools. The merger and acquisition between Epicure Catering and The Caterers is expected to enhance their standing as the leading provider of quality food services for the educational sector in Vietnam and Southeast Asia.