KKR Closes $250 Million Investment in Masan Group and Masan Nutri-Science
April 20 2017 - 10:39PM
Business Wire
Transaction marks KKR’s second investment in
Masan to accelerate its growth as Vietnam’s future consumer
champion
Masan Group Corporation (HOSE:MSN, “Masan Group” or the
“Company”), today announced that leading global investment firm KKR
has completed and funded its US$250 million investment in Masan
Group and in its branded meat platform, Masan Nutri-Science (the
“Transaction”). KKR’s investment is comprised of a US$100 million
purchase of secondary shares of Masan Group from PENM Partners, an
independent Danish private equity company, and a US$150 million
primary investment in Masan Nutri-Science for a 7.5% stake. This is
KKR’s second investment in Masan, having KKR previously invested
US$359 million in Masan Consumer.
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The Transaction's close makes KKR the second largest foreign
shareholder of Masan Group, after the funds owned by the Government
of Singapore ("GIC"), 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.
ABOUT MASAN GROUP CORPORATION
Masan Group Corporation (“Masan” and the “Company”) believes in
doing well by doing good. The Company’s mission is to provide
better products and services to the 90 million people of Vietnam,
so that they can pay less for their daily basic needs. Masan aims
to achieve this by driving productivity with technological
innovations, trusted brands, and focusing on fewer but bigger
opportunities that impact the most lives.
Masan Group’s member companies and associates are industry
leaders in meat, packaged food and beverage, resources, and
financial services, altogether representing segments of Vietnam’s
economy that are experiencing the most transformational growth.
ABOUT MASAN NUTRI-SCIENCE
Masan Nutri-Science, a subsidiary of Masan Group, is Vietnam’s
largest fully-integrated (“feed-farm-food” business model) branded
meat platform, focused on driving productivity in Vietnam’s animal
protein industry and ultimately directly serving consumers with
traceable, quality and affordable meat products, a US$18 billion
opportunity.
In 2016, Masan Nutri-Science sold over 2.5 million tons of
animal feed through its national network of over 4,500 dealers and
13 feed facilities, generating approximately US$1.1 billion in
sales. Growth was driven by animal feed brand “Bio-zeem” and
integration and turnaround of Proconco and ANCO by implementing an
FMCG approach to an agricultural business. In the same year, Masan
Nutri-Science completed its feed-farm-food (3F) model with the
groundbreaking of a scale and high-technology pig farm in Nghe An
and becoming a strategic partner of VISSAN, Vietnam’s largest meat
company.
ABOUT KKR
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 www.kkr.com and on Twitter @KKR_Co.
ABOUT PENM PARTNERS
PENM Partners is an independent Danish private equity company.
PENM Partners offers equity capital and strategic partnership to
unlisted Vietnamese companies under the name Private Equity New
Markets (PENM). PENM Partners, through its four funds, manages
USD550 million, and is focused on unlisted companies with a proven
track record and a strong future development potential. The capital
from PENM will typically be applied towards expansion, growing the
business through investments or acquisitions.
This press release contains forward-looking statements regarding
Masan’s expectations, intentions or strategies that may involve
risks and uncertainties. These forward-looking statements,
including Masan’s expectations, involve known and unknown risks,
uncertainties and other factors, some of which are beyond Masan’s
control, which may cause Masan’s actual results of operations,
financial condition, performance or achievements to be materially
different from those expressed or implied by the forward-looking
statements. You should not rely upon forward-looking statements as
predictions, future events or promises of future performance.
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version on businesswire.com: http://www.businesswire.com/news/home/20170420006729/en/
Masan GroupInvestors/AnalystsTanveer Gill, +848 6256
3862tanveer@msn.masangroup.comorMediaVan Nguyen, +848 6256
3862van.nguyen@msn.masangroup.comorKKR & Co. L.P.Anita
Davis, +852 3602 7335anita.davis@kkr.comorSteven
Okunmedia@kkr.com
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