Consortium Led by KKR Invests $650 Million in Vinhomes
06.23.20
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Simpson Thacher represented a consortium of investors led by KKR, including Temasek, in its $650 million investment in Vinhomes Joint Stock Company (“Vinhomes”) by acquisition of ordinary shares in Vinhomes, equivalent to 6% equity stake in Vinhomes. The transaction closed on June 15, 2020.
Vinhomes is a subsidiary of Vingroup and is listed on the Ho Chi Minh City Stock Exchange. Vinhomes develops and trades integrated residential, commercial and industrial real estate, and provides real estate management and related services. Vinhomes is the largest real estate developer in Vietnam.
Temasek is an investment fund under the Government of Singapore, managing a US$231 billion portfolio as of March 31, 2019.
The Simpson Thacher team included Jin Park, Erik Wang and Chen Zhang (M&A); Eli Shalam (Tax); and Shahpur Kabraji, Anuj Shah and Soo Yeon Jang (Credit).