Masan Group has just announced that it has successfully completed the capital mobilization of 250 million USD from Bain Capital - the world's leading private equity fund with total assets under management of approximately 180 billion USD. The capital mobilized is converted at 25,356 VND, equivalent to Masan receiving 6,228 billion VND from this investment (after deducting transaction fees), helping to significantly improve the company's balance sheet.
Masan received $250 million in investment capital from Bain Capital fund.
Masan will continue to actively seek alternatives to reduce leverage and interest expense with the target of net debt to EBITDA of long-term USD-denominated debt on reasonable terms with the principal amount of USD950 million converted to VND at 23,937 and fixed interest rate at 8.93% per annum. Accordingly, Interest Rate Swaps combined with forward FX for the principal amount of USD45 million in 2024 at FX rate of 24,005; USD300 million with fixed interest rate of 6.48% per annum for 5 years at 1-year FX rate of VND23,790 to minimize currency and interest rate risks. Therefore, the recent appreciation of the USD does not have a material impact on the company's profits.
On April 20, Techcombank - an affiliate of Masan - approved a plan to pay a 15% cash dividend. Masan is expected to receive more than VND1,000 billion from Techcombank's dividend. This will help the company reduce its financial leverage.
Since its founding in 1984, Bain Capital Private Equity has worked closely with management teams to provide strategic resources to build leading companies and help them thrive. The firm now has 23 offices on four continents.
Bain Capital has made major or add-on investments in more than 1,150 companies. With approximately $180 billion in assets under management, Bain Capital invests across a range of asset classes, including credit, public equity, venture capital, and real estate, in addition to private equity, and leverages its overall platform to capture opportunities in strategically focused sectors.
Source: https://thanhnien.vn/masan-hoan-tat-huy-dong-von-tri-gia-250-trieu-usd-tu-quy-ngoai-185240423105154643.htm
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