Cross-border M&A advisory

We help owners sell their companies and investors find the right acquisition.

Our network in numbers

Live from VentureFlow, our deal platform

Investors
895
Companies
504
Countries
26
Serving clients since
1998

Why TVC

Three things we can prove

Direct access to Japan

Many Japanese companies are never marketed publicly. We reach them through our group's client relationships, in Japanese.

876 investors in Japan

One firm, from accounting to closing

Accounting, tax and legal teams sit in the same group, so due diligence, structuring and integration stay with one team.

358 professionals across our network

Fees that follow the result

Owners pay no retainer and no upfront fee. Investors pay nothing before a Letter of Intent.

USD 0 before you commit

Advisory

We support clients across the entire M&A lifecycle, including target sourcing, valuation, due diligence, negotiation, financing solutions, and post-merger integration. Combining boutique agility with global reach, we deliver precise and strategic deal execution.

Sell-Side Financial Advisory

Advisory for shareholders planning partial or full exit. We support valuation, buyer selection, negotiation, and deal execution.

Buy-Side Financial Advisory

End-to-end support for acquiring companies across Asia and Japan. From target sourcing to valuation, due diligence, and deal structuring.

Financial Valuation

Accurate corporate valuations using DCF, CCA, PTA, EPV, and EBITDA multiples. Essential insights for acquisitions, divestments, and capital raising.

Post-Merger Integration

Seamless integration after acquisition, covering operations, HR, finance, and governance. Ensures synergy realization and stable post-deal operations.

Legal & Financial Due Diligence

Comprehensive review of contracts, licenses, compliance, and legal risks. Protects clients by ensuring transparency before final agreements.

Journey of M&A

01 / 09

First Meeting

A confidential meeting to understand your objectives, timing and financial goals, with a preliminary valuation to set realistic expectations.

You receive
A preliminary valuation and a clear view of the process.
Cost
Free of charge

Where we work

CountryCompaniesInvestors
Vietnam136152
Thailand130131
Malaysia6890
India6180
Philippines3252
Indonesia3087

Japan Desk

Build in Japan. Partner with Japan. Acquire in Japan.

TVC connects international buyers, Japanese companies, and founder-led SMEs through local origination, bilingual transaction leadership, and the cultural judgment needed to move from first conversation to long-term value.

Explore the Japan Desk

Frequently Asked Questions (FAQs)

Maximize transaction value while protecting corporate confidentiality.

As a Seller-Side Financial Advisor, TVC represents business owners and shareholders throughout the entire M&A lifecycle—from strategic planning and valuation to buyer identification, negotiation, and deal closing. Our objective is to maximize value, protect confidentiality, and ensure a successful transaction aligned with the seller's long-term goals.

We employ a multi-layered confidentiality protocol. Detailed information is only released after vetting prospective buyers and executing a binding Non-Disclosure Agreement (NDA). Initial outreach is performed using highly anonymized teaser profiles, ensuring your company name and sensitive indicators remain secure.

A typical transaction takes between 6 to 9 months from initiation to closing. This timeline includes planning, teaser distribution, buyer screening, top meetings, LOI negotiations, formal due diligence, and final SPA executions.

We work with small and mid-market companies across ASEAN, South Asia and Japan, in sectors from manufacturing and logistics to consumer, healthcare and technology.

We draw on a live database of Japanese and international investors in VentureFlow, our deal platform, and screen each one for fit and capacity before presenting your company.

Ready to Start Your Cross-Border Journey?

Whether you're looking to sell your business, acquire a company, or expand into new markets — we're here to guide you.

Companies for sale

The latest of 97 sell-side deals, anonymised. Sign an NDA to see the full memorandum.

All sell-side deals
Thailand
TH-S-155
Food & Beverage Manufacturing · Wholesale & Distribution

Thailand: Value-Added Seafood Processing & B2B Wholesale Opportunity

An established value-added seafood processing and wholesale enterprise based in Bangkok, Thailand, specializing in premium seafood products such as fish roe and squid. The company operates a robust B2B model, supplying premier retail chains and major food service operators nationwide. Demonstrating solid commercial traction, the target generated approximately THB 47.4 million (c. USD 1.35 million) in revenue for 2025, recording a 13.4% CAGR between 2021 and 2025. Gross margins have expanded markedly from 23.0% to 38.6%, underpinned by efficient processing operations and strong pricing power, yielding a healthy 7.8% EBITDA margin. With business succession driving the transaction, the primary structure sought is a 100% share acquisition; however, ownership is open to majority recapitalization or strategic partnership given experienced next-generation family members active in management. This represents an attractive turnkey platform for regional food conglomerates, trading houses, or processing specialists seeking an immediate footprint in Southeast Asia's burgeoning food service and retail supply chain.

IndustryFood & Beverage Manufacturing · Wholesale & Distribution
CountryThailand
Investment Range$1.04M - $1.33M USD
Thailand
TH-S-154
Restaurants & Food Service

Bangkok: Renowned Michelin-Recognized Fine Dining Restaurant

An exceptional acquisition opportunity to acquire 100% of a premier fine dining establishment located in an affluent, central district of Bangkok, Thailand. Celebrated in prestigious culinary publications, including recognition in the MICHELIN Guide, the restaurant has built an impeccable reputation for culinary excellence, premium service, and an elevated ambiance. Financially, the business demonstrates robust cash generation capability with historical adjusted EBITDA margins ranging between 20% and 44%. Revenues reached over THB 23.6 million in FY2022, with FY2024 revenue standing at approximately THB 11.6 million (JPY ~54.5M). Offered at an enterprise value of THB 27 million (~JPY 127M), representing an implied multiple of approximately 9.3x FY2024 adjusted EBITDA. The transaction is initiated due to the founder's personal health reasons. To facilitate a smooth and seamless operational transition, the current ownership offers a comprehensive 12-month transition support period alongside a standard non-compete commitment. This represents a turn-key opportunity for an international hospitality group, F&B operator, or private investor seeking immediate market entry into Bangkok's thriving luxury dining scene.

IndustryRestaurants & Food Service
CountryThailand
Investment Range$741k - $800k USD
Malaysia
MY-S-063
Food & Beverage Manufacturing

Malaysia: Established Health Food & Personal Care Manufacturer

The target is a well-established health food and personal care product manufacturer with over 15 years of experience in the industry. With a robust distribution network, the company has successfully positioned its products in over 4,000 retail locations across Malaysia, demonstrating significant market penetration and brand recognition. Operationally, the company boasts strong production capabilities and a commitment to quality, ensuring that its products meet the highest standards of health and safety. This operational strength, combined with a dedicated workforce, enables the target to maintain a competitive edge in a growing market. Financially, the target has reported impressive figures, with annual sales of 1.18 billion yen and an EBITDA of 460 million yen. This presents a compelling opportunity for strategic growth, including business succession, market expansion, and accelerated growth initiatives. Investors will find significant potential for value creation through enhanced market strategies and operational efficiencies.

IndustryFood & Beverage Manufacturing
CountryMalaysia
Investment RangeFlexible / Discuss upon NDA

Buyers looking to acquire

The latest of 334 buy-side mandates from Japanese and regional investors.

All buy-side mandates
North America+4
JP-B-862
Restaurants & Food Service · Hospitality & Lodging · Retail & E-Commerce

Japan: Leading Sushi Restaurant Operator Seeking Global Franchise & 100% Acquisition Partners

The investor is a prominent Japanese multi-unit sushi restaurant operator with a proven, highly systemised brick-and-mortar dining format and deep expertise in seafood sourcing, quality control, kitchen automation and unit economics. Building on an established domestic footprint and successful overseas franchising track record, the acquirer is now pursuing an accelerated international expansion programme. Strategic objective: to secure capable local partners and platform businesses across North America, Europe, the Middle East, South Korea and Taiwan. Southeast Asia is expressly excluded, as an existing franchise partner already covers that territory. Transaction appetite is flexible: the investor will consider master franchise or area development agreements as well as full 100% acquisitions of existing restaurant operators, multi-site food service groups, or complementary hospitality platforms that can be converted or integrated into its format. A capital commitment of up to approximately JPY 5 billion is available per opportunity, supported by a strong balance sheet and rapid internal decision-making. Ideal targets include restaurant chains, casual dining and food-court operators, quality food service groups with prime real estate access, and experienced operating teams with local licensing, supply chain and recruitment capability. Cold-chain logistics and seafood distribution assets are also of interest as enablers. Value offered to counterparties: a globally recognised Japanese culinary category, turnkey operating manuals, training academies, proprietary equipment and technology, procurement scale, and long-term brand stewardship. Management continuity and employee retention are welcomed. All discussions are conducted on a strictly confidential basis.

IndustryRestaurants & Food Service · Hospitality & Lodging · Retail & E-Commerce
RegionNorth America, Europe, Middle East, South Korea, Taiwan (excluding Southeast Asia)
Budget$31.65M USD
Asia-Pacific+3
JP-B-827
Healthcare & Medical Services · Personal & Consumer Services · Pharmaceuticals & Cosmetics Manufacturing · Wholesale & Distribution · Software & SaaS

Japan: Listed Aesthetic Medical Group Seeking APAC Clinic & Healthcare Acquisitions

The investor is a publicly listed Japanese healthcare group operating one of Asia's most recognised aesthetic and cosmetic medical platforms. Built on a highly scalable clinic management model, the acquirer provides member clinics with branding, patient acquisition, procurement, physician training, digital systems and operational know-how — a proven infrastructure that has supported rapid, high-margin network growth in its domestic market. The group has recently established a dedicated Asia-Pacific headquarters to serve as its strategic hub for market analysis, new business development and partnership formation across the region. Through this platform, the investor intends to export Japan's high-standard aesthetic medicine to APAC markets, accelerating local clinic rollout and brand penetration. Acquisition appetite focuses on: aesthetic, dermatology, dental and specialty clinic groups; medical device distribution and cosmetics/skincare brands; clinic management and healthcare SaaS platforms; and adjacent wellness or personal-care service businesses with strong local licensing and talent. The investor is flexible on structure, considering minority stakes, majority control or full acquisition, with a budget range of approximately JPY 100 million to JPY 2 billion. Beyond capital, the acquirer offers sellers access to a mature operating playbook, cross-border patient flow, established supplier economics, physician training programmes and the credibility of a listed parent — enabling founders to scale far beyond organic capacity while preserving clinical identity. Management continuity is welcomed, and transaction timelines can be expedited for well-governed targets.

IndustryHealthcare & Medical Services · Personal & Consumer Services · Pharmaceuticals & Cosmetics Manufacturing · Wholesale & Distribution · Software & SaaS
RegionAsia-Pacific (APAC), including ASEAN, Japan, Greater China
Budget$633k - $12.66M USD
Asia (incl. ASEAN+1
JP-B-519
Textiles, Apparel & Consumer Goods Manufacturing · Human Resources & Staffing · Business Support & Outsourcing (BPO) · Education & Training

Japan: Listed HR & Staffing Group Seeking Apparel Manufacturing and Overseas Talent-Sending Agencies

The investor is a well-capitalised Japanese group with a strong track record in human resources, staffing and workforce solutions. Backed by stable earnings and an established domestic platform, the acquirer is now pursuing a clearly defined cross-border growth agenda and has been assigned an 'A' mandate strength, reflecting high execution readiness and immediate capacity to review opportunities. Strategic focus areas: 1. Apparel & Textile Manufacturing — garment and apparel production operations, including OEM/ODM factories. The investor confirms that apparel manufacturing targets can be reviewed immediately, with rapid internal decision-making. 2. Human Resources & Talent Mobility — overseas sending organisations, dispatch agencies, technical intern and specified-skilled-worker recruitment platforms that channel talent into the Japanese labour market, alongside adjacent training and placement businesses. Value offered to target shareholders: access to an established Japanese client network and corporate demand pipeline, governance and compliance frameworks aligned with listed-company standards, sustained growth capital, and long-term partnership rather than short-hold financial ownership. Existing management teams and founders are encouraged to remain in place, with flexible deal structuring available. Transaction parameters: the acquirer will consider minority stakes below 50% as well as majority positions of 51–99%, with an investment envelope of approximately JPY 100 million to JPY 1 billion. Both phased acquisitions and outright controlling investments can be accommodated. All enquiries are handled on a strictly confidential basis through the appointed advisory channel.

IndustryTextiles, Apparel & Consumer Goods Manufacturing · Human Resources & Staffing · Business Support & Outsourcing (BPO) · Education & Training
RegionAsia (incl. ASEAN, South Asia) and Japan
Budget$633k - $6.33M USD