Vietnam: Large-Scale Commercial & Residential Cleaning Services Platform — Majority Sale

The target is a well-established comprehensive cleaning services provider operating in Vietnam, specialising in pre-occupancy and handover cleaning for newly built or newly refurbished apartments, residential developments and commercial office space, complemented by ongoing facility cleaning contracts. The business has scaled into one of the more substantial labour platforms in its segment, mobilising a workforce of more than 2,000 personnel. This depth of deployable manpower represents a significant competitive moat in a market where reliable, trained and supervised cleaning labour at scale is difficult to replicate. The company's operating model is built on repeatable project workflows, established relationships with developers, property managers and construction contractors, and the ability to mobilise large teams at short notice to meet tight handover deadlines. Financially, the company generates annual revenue of approximately JPY 440 million with pre-tax profit of approximately JPY 42 million, reflecting a stable, cash-generative and asset-light services operation. Growth levers for an incoming investor include: expansion of higher-margin recurring facility management contracts; upselling adjacent services such as disinfection, specialist surface care, pest control and building maintenance; geographic expansion into additional urban centres; introduction of workforce management technology to improve utilisation and margins; and cross-selling to institutional real estate and hospitality clients. The shareholder is seeking a full exit in connection with retirement and business succession, and is offering a majority stake of 51–99%. The opportunity is well suited to regional facility management consolidators, staffing and outsourcing groups, real estate services platforms, or private equity investors pursuing a buy-and-build strategy in Southeast Asian outsourced services.