- Wednesday, October 16, 2024
Bain Capital, a leading global private investment firm, has announced its first-ever equity investment in the Southeast Asian market by agreeing to invest at least $200 million in Vietnam's Masan Group. The investment aims to bolster Masan Group's financial position and reduce its debt burden, according to a joint statement released by both companies on Monday.
Masan Group is a diversified conglomerate with business interests in various sectors such as food and beverages, financial services, and telecommunications. In addition to Bain Capital's investment, Masan Group is also in discussions with other potential investors to further increase the funding up to $500 million.
Under the agreement, Bain Capital's equity investment will be in the form of convertible dividend preference shares, priced at 85,000 Vietnamese dong ($3.50) each. These shares can be converted into ordinary shares at a 1-to-1 ratio. The transaction is expected to be finalized by the end of 2023.
Bain Capital's decision to invest in Masan Group reflects the conglomerate's strong reputation in Vietnam. With its extensive market reach and a deep understanding of consumer preferences, Masan Group has consistently demonstrated its ability to develop innovative products that cater to evolving consumer needs.
The financial advisory role for this deal was undertaken by Jefferies Singapore.
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