HONG KONG Jan 9 U.S. buyout giant KKR & Co LP
has invested an additional $200 million in Vietnam's
noodle and fish sauce retailer Masan Consumer Corp in the
largest single private-equity investment in the Southeast Asian
KKR did not disclose details of how much of Masan Consumer
it holds after its latest purchase of primary and secondary
shares. KKR, which manages more than $66 billion in assets
globally, bought a 10 percent stake in Masan Consumer through a
$159 million investment in 2011 in what was then the biggest
private equity deal in Vietnam.
Masan Consumer is a private unit of Ho Chi Minh City listed
Masan Group Corp, one of Vietnam's largest private
sector business groups with interests from mining to banking and
which has a market value of $3.6 billion.
Other investors in Masan Group Corp companies include TPG
Capital and Mount Kellett Capital, according to sources
with knowledge of the matter.
Masan Group had planned an up to $1.5 billion Singapore
listing in 2012 or early 2013, but the plans were put on hold as
markets became choppy.
KKR on Tuesday also said it has increased its stake in
Singapore listed Chinese water recycling firm United Envirotech
Ltd, injecting $40 million. A source familiar
with the matter said that new investment, on top of a previous
$113.8 million deal, had taken KKR's stake in UEL to around 44
The two investments come as KKR nears a close on its new $6
billion pan-Asia fund, the largest-ever raised for the region.