Leading global investment firm KKR today announced that it has concluded
its partnership with Masan Group Corporation (HOSE:MSN, “Masan”) as
Masan purchased the remainder of KKR’s equity in Masan Consumer
Corporation (“Masan Consumer“), Vietnam’s leading diversified branded
food and beverage company. KKR first invested $159 million in Masan
Consumer in 2011 with a second follow-on investment of $200 million in
2013, making it the largest private equity investment in Vietnam.
Seokhee Won, Deputy CEO of Masan Group and CEO of Masan Consumer,
commented, “KKR’s investment and partnership with Masan Group has
supported the transformation of our leading consumer platform and
reaching our goal of having a Masan product in every Vietnamese
household. KKR’s investment has also been an important validation of our
business model and our growth potential. We remain excited by our future
and will work tirelessly to see our products in every household in
inland ASEAN by serving consumers with brands they can enjoy and trust.”
Ming Lu, Member of KKR and Co-Head of Private Equity for KKR Asia, said,
“KKR is proud of the successful and win-win partnership with Masan
Group. Masan Consumer has established itself as a leader in the
Vietnamese fast-moving consumer goods industry and we believe the
company is very well-positioned for the future. On behalf of KKR, we
would like to wish the Masan team continued success.”
Masan Consumer is currently the market leader in seasonings, convenience
foods and instant coffee categories and has built its leadership
position with some of the most recognized and trusted consumer brands.
Since KKR entered into partnership with Masan Consumer in 2011, the
company has grown both organically and inorganically, capitalizing on
the structural consumption trends and rising middle class potential in
KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit and hedge funds. KKR aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world‐class people, and driving growth and value
creation at the asset level. KKR invests its own capital alongside its
partners’ capital and brings opportunities to others through its capital
markets business. References to KKR’s investments may include the
activities of its sponsored funds. For additional information about KKR
& Co. L.P. (NYSE:KKR), please visit KKR’s website at http://www.kkr.com/
and on Twitter @KKR_Co.
ABOUT MASAN GROUP CORPORATION
Masan Group Corporation (“Masan”) is one of Vietnam’s largest companies.
Masan is focused on the domestic consumption opportunity and has built
leading businesses in the branded food and beverage sector and in the
animal nutrition value chain.
Masan’s businesses include Masan Consumer Holdings, the producer of some
of Vietnam’s most trusted and loved brands across many food and beverage
categories (such as Chin-su, Nam Ngu, Tam Thai Tu, Omachi, Kokomi,
Vinacafe, Wake-up, Vinh Hao and Su Tu Trang), and Masan Nutri-Science,
Vietnam’s largest local animal nutrition company (with brands such as
Proconco and ANCO). The company’s other businesses include Masan
Resources, one of the world’s largest producer of tungsten and strategic
industrial minerals, and its associate, Techcombank, a leading joint
stock commercial bank in Vietnam.
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R. Okun, +65 6922 5800
Source: KKR & Co. L.P.