In a significant transaction involving Vietnam’s dynamic food and beverage sector, Milbank, Tweed, Hadley & McCloy LLP advised private sector conglomerate Masan Group and its meat products division, Masan Nutri-Science, in a $250 million investment by leading private equity firm Kohlberg Kravis Roberts (KKR). Vietnam is Asia’s third-largest market for meat, after China and India.
Singapore-based partner Jacqueline Chan led the Milbank team, with assistance from special counsel Pablo Malay and associates Jim McFarlane and Audrey Wang.
Masan Nutri-Science was established in 2015 as an animal-feed supplier but expanded last year into the meat industry through acquisition of a nearly 25% stake in Vietnam’s largest meat supplier, Vissan. Meat products is an $18 billion a year industry in Vietnam. Masan Group Corporation (HOSE: MSN) is one of Vietnam’s largest private sector companies, whose member companies and associates are industry leaders in meat, packaged food and beverages, resources, and financial services, altogether representing segments of Vietnam's economy that are experiencing the most transformational growth.
“We are delighted to have supported Masan Group in this important investment that will help Masan continue to meet the needs of its consumers in the growing and changing economic landscape of Vietnam.” said Ms. Chan.
