KKR-led consortium completed the acquisition of a 6% stake in Vinhomes from Vingroup for $650m.

A KKR-led consortium, which includes Temasek, completed the acquisition of a c. 6% stake in Vinhomes, a real estate developer, from Vingroup, a Vietnamese conglomerate, for $650m. “We are truly honored to have the opportunity to invest in a successful, leading business like Vinhomes which is an integral part of the consumer services ecosystem within the Vingroup family. This investment exemplifies the type of platinum brands and management teams KKR looks to work with in Southeast Asia. Today’s announcement further underscores our strong commitment to Vietnam, where KKR has been active and present for nearly a decade,” Ashish Shastry, KKR Asia Pacific Co-Head of Private Equity & Head of Southeast Asia.