Global law firm Clifford Chance has advised Bain Capital in relation to its US$250 million investment in Masan Group Corporation (Masan Group), a listed Vietnamese conglomerate. The investment was made up of an initial US$200 million announced on 3 October 2023, together with an additional investment of US$50 million announced on 5 December 2023.
This is Bain Capital’s first investment in Vietnam, an increasingly growing and dynamic market. The transaction involves an equity investment in the form of Convertible Dividend Preference Shares.
The proceeds will be used to strengthen Masan Group’s financial position and deleverage its balance sheet. The transaction is expected to close in the coming months and subject to customary corporate and regulatory approvals.
Partner Shaun Langhorne said, “Congratulations to the Bain Capital and Masan teams on this landmark investment. This investment reflects the increasing importance of the availability of flexible capital solutions for the rapidly expanding markets in South East Asia.”
Singapore Managing Partner Valerie Kong added, “We are delighted to support Bain Capital on its inaugural investment in Vietnam. We have a long heritage of successful transactions in Vietnam, which today stands as the fastest consumption growth market in South East Asia. It also ranks as one of the most dynamic investment markets in the region.”
The team was led by partners Shaun Langhorne and Valerie Kong with support from senior associate Wesley Tan and associate Christie Long.
