VI Group invests in Vietnamese supermarket chain Kid Plaza

Vietnamese private equity firm Vietnam Investment Group (VI Group) has invested in Kid Plaza, becoming a minority shareholder in the mother-and-baby segment focussed retailer.

A top company executive has confirmed the investment to DEALSTREETASIA. Its value, however, was not disclosed.

Founded in 2009 by CEO Do Van Tuan, Kids Plaza owns 72 supermarkets nationwide and an online retail channel, offering over 10,000 products for mother and children.

VI Group is a private equity firm that focuses on high growth businesses in Vietnam. Founded in 2006, the PE firm provides early-stage and expansion capital to industry-leading companies and works with management to grow revenue and margins and improve operations, thus creating shareholder value.

It is now managing three funds with a total value of $400 million. The firm often takes a majority stake where it has industry expertise (via operating partners or co-investors) and is able to add significant value. Its investment can take the form of pure equity, performance-linked equity or convertible debt. VI Group targets an investment horizon of four to six years.

Currently, VI Group is investing in many sectors including transportation and logistics services, tourism and hotel, education, restaurant retail chain, real estate, and technology.

There are some 1.6 million newborn babies every year in the country, according to research firm Intage Vietnam. This market is valued at around $2.5 billion per annum and is expected to grow to a size of $5 billion in the near term, proving to be an attractive bet for the investing class.

Last February, Daiwa-SSIAM Fund II, the second partnership between Japan’s Daiwa Securities and Vietnam’s SSI Asset Management, invested an undisclosed amount into baby and mom retail chain Concung (Beloved Baby).

The transaction value was not disclosed, but the Vietnamese fund manager said the Daiwa-SSIAM Fund II typically invested $4-6 million in a private equity portfolio.

Meanwhile, ACA Investments, the private equity arm of Japanese diversified corporation Sumitomo, injected an undisclosed amount into Vietnamese baby product retailer Bibomart in exchange for a 20 per cent stake last May.

Also Read: 

Daiwa-SSI fund invests in Vietnamese retailer Concung, early backer Seedcom retains stake

ACA Investments takes 20% stake in Vietnamese baby product retailer Bibomart

 

 

 

 

 

 

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.