TPG Growth to Invest US$50 Million in Masan Group to Build Agricultural Platform (Asia)
Source: Masan Group
TPG Growth, the middle market and growth equity platform of global private investment firm TPG, has entered into definitive agreements to acquire a 49 percent stake in Vietnam-based Hoa Muoi Gio Company (Masan Agriculture) from Masan Consumer, for a total cash consideration of approximately US$50 million. TPG Growth originally invested in the company in 2009. Masan Agriculture, which will be restructured under Masan Consumer Ventures, intends to become an agricultural platform in Vietnam. The transaction is subject to regulatory approvals and is expected to close by the end of July 2013.