Masan Group, one of Vietnam’s biggest private sector business groups, said yesterday that Kohlberg Kravis Roberts KKR has agreed to increase its equity stake in its Masan Consumer subsidiary. The US-based private equity firm will inject $200 million, adding to the $159 million it invested in April 2011.
It ranks as the biggest private equity transaction in Vietnam so far, although not the biggest foreign inbound investment. Last year, Japan’s Mizuho Financial Group paid $567 million for 15% of Vietcombank.
The attraction of Masan Consumer to private equity is its dominant position in the local food and beverage market. It is the leading maker of...
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