Deal focus: KKR returns to Masan, PENM exits
KKR will team up with Vietnam's Masan Group for a second time, committing $250 million to the parent and its meat industry subsidiary. The GP's entry facilitates a partial exit for long-standing investor PENM Partners
When PENM Partners backed Masan Food in 2008, the company’s product line was limited to sauces and seasonings, with annual revenue of less than $100 million. But the GP liked both the market opportunity...
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