More private equity flows into Vietnam

by -
1714

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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. 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply