Tue, 04-Aug-2020
Tuesday 16 Jun 2020 , 6:16 am

KKR-Led Consortium Enters Into a US$650 Million Investment in Vinhomes

A KKR-led consortium that includes Temasek has acquired a minority equity stake in Vinhomes JSC, for a total consideration of VND15.1 trillion (US$650 million). Vinhomes is an integrated real estate developer in Vietnam with activities including developing, trading and leasing residential, commercial and industrial real estate and providing real estate management and related services.
By SIN Bureau
Share at:

A consortium led by KKR that includes Temasek, has completed the acquisition of an investment in Vinhomes Joint Stock Company, the integrated real estate developer in Vietnam. The KKR-led consortium has collectively invested VND15.1 trillion (US$650 million) which translates into a c.6% equity stake in Vinhomes. Following the transaction, Vingroup Joint Stock Company will continue to be the controlling shareholder of Vinhomes. KKR is making the investment primarily from its Asian Fund III.

Source: Vinhomes Facebook Page

The investment from the KKR-led consortium underscores the attractiveness of Vietnam as a regional investment destination with its strong development and growth prospects. The investment into Vinhomes further emphasizes the attractiveness of Vinhomes as an investment opportunity given its position as Vietnam’s leading integrated real estate platform with unparalleled execution capabilities, access to sizeable land bank and significant growth opportunities in residential, commercial and industrial real estate.

Mr. Ashish Shastry, Co-Head of Private Equity for KKR Asia Pacific & Head of Southeast Asia said, “We are truly honored to have the opportunity to invest in a successful, leading business like Vinhomes which is an integral part of the consumer services ecosystem within the Vingroup family. This investment exemplifies the type of platinum brands and management teams KKR looks to work with in Southeast Asia. Today’s announcement further underscores our strong commitment to Vietnam, where KKR has been active and present for nearly a decade.”

Ms. Nguyen Dieu Linh, Chairwoman of Vinhomes said, “We are pleased to welcome KKR as a shareholder in Vinhomes, and believe that the investment demonstrates the confidence of international investors in Vinhomes, Vingroup and the Vietnamese market. As a reputable, world-class institution, KKR’s expertise and proven track record of helping companies achieve long-term success will be valuable as we work together to enhance value for Vinhomes shareholders.”




The Insight Partners

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Smart News, Updates and Insights Drive Smarter Decisions

Smart Industry News is a one stop shop of industry news across the globe. We have a team of experts who provides latest updates on industry news to our readers daily. The news available on our website is general information and does not provide our customers with any legal or professional advice specific to any industry...

sales@smartindustrynews.com
media@smartindustrynews.com

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
Follow Us:
© The News and Media Division of The Insight Partners 2019 | All Rights Reserved