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Transaction marks KKR’s second investment in Masan to accelerate its growth as Vietnam’s future consumer champion
Masan Group Corporation announced this week that the leading global investment firm KKR has completed and funded its US$250mn investment in Masan Group and in its branded meat platform, Masan Nutri-Science. KKR’s investment is comprised of a US$100mn purchase of secondary shares of Masan Group from PENM Partners, an independent Danish private equity company, and a US$150mn primary investment in Masan Nutri-Science for a 7.5 per cent stake. This is KKR’s second investment in Masan, having KKR previously invested US$359mn in Masan Consumer.
The Transaction's close makes KKR the second largest foreign shareholder of Masan Group, after the funds owned by the Government of Singapore, and the largest shareholder of Masan Nutri-Science after Masan Group. In addition, the Transaction allows PENM Partners to fully exit their original investment in Masan Group.
Masan Group will be hosting its Annual General Meeting of Shareholders on April 24 in Ho Chi Minh City, where Mr. Ming Lu, Member of KKR and Head of Asia Private Equity, will attend as an honorary guest to share his views on Vietnam’s consumer potential and its partnership with Masan. KKR invests from its Asian Fund II.