KKR Closes $250 Million Investment in Masan Group and Masan Nutri-Science

21-Apr-2017 Intellasia | BusinessWire | 10:39 AM Print This Post

Transaction marks KKR’s second investment in Masan to accelerate
its growth as Vietnam’s future consumer champion

HO CHI MINH CITY, Vietnam & SINGAPORE–(BUSINESS WIRE)–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.


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.

Contacts

Masan Group
Investors/Analysts
Tanveer Gill, +848 6256
3862
tanveer@msn.masangroup.com
or
Media
Van
Nguyen, +848 6256 3862
van.nguyen@msn.masangroup.com
or
KKR
& Co. L.P.

Anita Davis, +852 3602 7335
anita.davis@kkr.com
or
Steven
Okun
media@kkr.com

 


Category: BusinessWire, PRAsia

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