Vietnam’s Masan Group secures 200 million USD investment from Bain Capital
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.
Masan is operating 3,500 supermarkets and convenience stores nationwide. (Photo: VNA)
Hanoi (VNA) - Vietnamese conglomerateMasan Group on October 2 said it has secured funding of at least 200 million USDfrom Bain Capital, one of the world’s leading private investment firms withapproximately 175 billion USD in assets under management.
The investment would be in the form of convertibledividend preference share at a price of 85,000 VND (3.5 USD) per share whichcan be converted into ordinary shares at a 1:1 conversion ratio, Masan said ina statement, adding that proceeds would be used to strengthen its financial positions.
Danny Le, General Director of Masan Group, saidMasan wishes to cooperate with Bain Capital to promote its vision in which consumersare put at the centre, thus becoming a platform serving their daily needs.
Barnaby Lyons, a leader of Bain Capital, noted hisbelief that Masan has many solid foundations, and a suitable vision and growthstrategy to succeed in an attractive and fast-growing consumer market.
Vietnam has been regarded as the fastest-growingconsumer market in Southeast Asia in the 2022-2040 period, with an estimatedannual rate of 7.7%, which is attributable to its rapid urbanisation and therising number of consumers with higher income and more diverse needs.
Masan said it expects that the transaction will becompleted in 2023 and it will continue to seek other strategic equitysolutions, including reducing the proportion in non-core business andincreasing liquidity./.
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Masan is operating 3,500 supermarkets and convenience stores nationwide. (Photo: VNA) 
