KKR signs Vietnam's top private equity deal with Masan
KKR & Co LP has invested an additional $200 million in Masan Consumer Corp.
This is the largest single private-equity investment in the Southeast Asian country.
KKR, a US firm, did not disclose details of how much of Masan Consumer it holds after its latest purchase of primary and secondary shares. KKR, which manages more than $66 billion in assets globally, bought a 10 percent stake in
Masan Consumer, a noodle and fish sauce retailer, was then involved in the biggest private equity deal in Vietnam through a $159 million investment in 2011.
Masan Consumer is a private unit of Ho Chi Minh City listed Masan Group Corp, one of Vietnam's largest private sector business groups with interests from mining to banking and which has a market value of $3.6 billion.
Other investors in Masan Group Corp companies include TPG Capital and Mount Kellett Capital, according to sources with knowledge of the matter.
Masan Group had planned an up to $1.5 billion Singapore listing in 2012 or early 2013, but the plans were put on hold as markets became choppy.
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