Bain Capital, a global private investment firm with approximately $180bn of assets under management, has agreed to invest at least $200m in equity capital in Vietnam-based Masan Group at price of VND85,000 per share.
Proceeds from the transaction, Bain Capital’s first ever investment in Vietnam, will be used to strengthen the Company’s financial position and de-lever its balance sheet.
Masan Group’s member companies and associates are industry specialists in branded fast moving consumer goods, branded meat, modern retail, F&B retail, financial services, and telecommunications, as well as value-add chemical processing.
At the heart of Masan’s offering is WIN Membership – a platform connecting brands and consumers – which has reached seven million members and is targeted to reach 10 million members by year-end and 30 million members by 2025. The WIN Membership platform allows Masan to provide more personalised, targeted products and services to better serve Vietnamese consumers and will serve as the critical growth engine for the Company’s businesses.
Masan expects the transaction to close by end of 2023 and continues to explore other strategic alternatives for equity capital, including diluting its interest in non-core businesses, to bolster its liquidity profile and achieve a sustainable Net Debt to EBITDA ratio below 3.5x on a steady-state basis.
Jefferies Singapore Limited acted as the financial advisor to Masan Group. The Transaction is subject to customary corporate and regulatory approvals.
