Bain Capital – a leading private investment firm with approximately 180 billion USD of assets under management, has agreed to pour another 50 million USD into Masan Group, raising its total investment in the enterprise to 250 million USD from 200 million USD announced in October.
Hanoi (VNA) – Bain Capital – a leadingprivate investment firm with approximately 180 billion USD of assets under management,has agreed to pour another 50 million USD into Masan Group, raising itstotal investment in the enterprise to 250 million USD from 200 million USDannounced in October.
The transaction is an equity investment in the form ofConvertible Dividend Preference Share (CDPS) to be issued at a price of 85,000 VND(3.5 USD) per share which can be converted into ordinary shares at a 1:1conversion ratio.
Proceeds from the transaction will be used to improve Masan’sfinancial indicators and de-lever its balance sheet.
In only two months from the first transaction, Bain Capital has invested 250million USD in Masan. Masan expects that the transaction will be completed inseveral months.
According to Masan, despite short-term fluctuations in thefinancial market, Bain Capital's increase in investment scale shows theinvestor’s strong confidence in Masan's long-term strategy and prospects. Thisis evident in Masan's solid business results in the third quarter of 2023./.
At the Top 50 Corporate Sustainability Awards announcement event on June 29 in Ho Chi Minh City by “Nhip Cau Dau Tu” magazine, Masan Group was named winner in two categories: Sustainable Resource Management and Outstanding Risk Management Platform.
Vietnamese conglomerate Masan Group on October 2 said it has secured funding of at least 200 million USD from Bain Capital, one of the world’s leading private investment firms with approximately 175 billion USD in assets under management.
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