More private equity flows into Vietnam

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Ho_Chi_Minh_City_VietnamWarburg Pincus, a New York-based private equity group, will lead a consortium to invest around $325 million in Vietnam’s Vingroup, a conglomerate owned by Vietnam’s richest man and first dollar billionaire, Pham Nhat Vuong, that is engaged in retail, real estate, tourism, healthcare and wellness.

Vingroup said in a release on May 29 that Warburg will spend $200 million for about 20 per cent of the Hanoi-based company’s Vincom Retail property unit. The firm may invest an additional $100 million, it added.

Vingroup also plans to offer shares at the Singapore Stock Exchange later in 2013, and Warburg has already committed to invest an additional $25 million.

Warburg joins a growing number of private equity firms that are eager to invest in Vietnam. US investor KKR has already pumped $359 million in a unit of Vietnam’s Masan Group Corp, a holding company engaged in food, resources and banking. Texas-based TPG Capital said in March 2013 it was also looking for Vietnam investments.

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Reading Time: 1 minute

Warburg Pincus, a New York-based private equity group, will lead a consortium to invest around $325 million in Vietnam’s Vingroup, a conglomerate owned by Vietnam’s richest man and first dollar billionaire, Pham Nhat Vuong, that is engaged in retail, real estate, tourism, healthcare and wellness.

Reading Time: 1 minute

Ho_Chi_Minh_City_VietnamWarburg Pincus, a New York-based private equity group, will lead a consortium to invest around $325 million in Vietnam’s Vingroup, a conglomerate owned by Vietnam’s richest man and first dollar billionaire, Pham Nhat Vuong, that is engaged in retail, real estate, tourism, healthcare and wellness.

Vingroup said in a release on May 29 that Warburg will spend $200 million for about 20 per cent of the Hanoi-based company’s Vincom Retail property unit. The firm may invest an additional $100 million, it added.

Vingroup also plans to offer shares at the Singapore Stock Exchange later in 2013, and Warburg has already committed to invest an additional $25 million.

Warburg joins a growing number of private equity firms that are eager to invest in Vietnam. US investor KKR has already pumped $359 million in a unit of Vietnam’s Masan Group Corp, a holding company engaged in food, resources and banking. Texas-based TPG Capital said in March 2013 it was also looking for Vietnam investments.

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