“This investment exemplifies the type of platinum brands and management teams KKR looks to work with in Southeast Asia,” says Ashish Shastry, co-head of private equity for KKR Asia Pacific & Head of Southeast Asia.
“Today’s announcement further underscores our strong commitment to Vietnam, where KKR has been active and present for nearly a decade.”
Upon completion of this deal, Vingroup, a Vietnamese conglomerate with interests in technology, industrials, hospitality, education and healthcare, remains the largest shareholder of Vinhomes.
Credit Suisse (Singapore) Limited acted as sole financial advisor to Vingroup.
