Kohlberg Kravis Roberts (KKR), a leading global investment firm, will invest an additional 200 million USD in Masan Consumer, one of Vietnam’s leading consumer goods companies.
The Thoi bao Kinh te Viet Nam (Vietnam Economic Times) quoted Ming Lu, KKR Regional Director for Southeast Asia, as saying that doubling the investment in less than two years demonstrates KKR’s strong confidence in Vietnam’s economic growth.
KKR firstly invested in Masan Consumer in April 2011 with 159 million USD. The Masan Consumer investment is the first since KKR opened its office in Singapore, he said.
He noted that KKR has set up many investment records and one of them is the increase of investment in Vietnam.
With a total 359 million USD, KKR has made its investment the largest in Southeast Asia and the only in Vietnam, he said, adding this is also the biggest M&A deal for a Vietnamese private business so far.
According to Ming, with one of the largest distribution networks in Vietnam and a contingent of professional managers, Masan Consumer has firm foundations for its continued growth in the future.
The KKR investment shows foreign investors’ trust in Vietnam’s growth as well as the potential of leading businesses in the country. This is also an opportunity for Vietnamese businesses to boost sustainable growth and development.
Masan Consumer is now one of the top providers of consumer goods in Vietnam which owns a number of favourite brands such as Chin-Su, Omachi, Kokomi, Nam Ngu and Tam Thai Tu.
Meanwhile, KKR, established in 1976 by Henry Kravis and George Roberts, is a leading investment management company in the globe with a total asset of 66.3 billion USD.-VNA
The Thoi bao Kinh te Viet Nam (Vietnam Economic Times) quoted Ming Lu, KKR Regional Director for Southeast Asia, as saying that doubling the investment in less than two years demonstrates KKR’s strong confidence in Vietnam’s economic growth.
KKR firstly invested in Masan Consumer in April 2011 with 159 million USD. The Masan Consumer investment is the first since KKR opened its office in Singapore, he said.
He noted that KKR has set up many investment records and one of them is the increase of investment in Vietnam.
With a total 359 million USD, KKR has made its investment the largest in Southeast Asia and the only in Vietnam, he said, adding this is also the biggest M&A deal for a Vietnamese private business so far.
According to Ming, with one of the largest distribution networks in Vietnam and a contingent of professional managers, Masan Consumer has firm foundations for its continued growth in the future.
The KKR investment shows foreign investors’ trust in Vietnam’s growth as well as the potential of leading businesses in the country. This is also an opportunity for Vietnamese businesses to boost sustainable growth and development.
Masan Consumer is now one of the top providers of consumer goods in Vietnam which owns a number of favourite brands such as Chin-Su, Omachi, Kokomi, Nam Ngu and Tam Thai Tu.
Meanwhile, KKR, established in 1976 by Henry Kravis and George Roberts, is a leading investment management company in the globe with a total asset of 66.3 billion USD.-VNA
