KKR has completed its US$250 million investment in Masan Group and Masan Nutri-Science, its branded meat platform.

KKR’s investment is comprised of a US$100 million purchase of secondary shares of Masan Group from PENM Partners, an independent Danish private equity company, and a US$150 million primary investment in Masan Nutri-Science for a 7.5% stake. This is KKR’s second investment in Masan. KKR previously invested US$259 million in Masan Consumer.

The transaction makes KKR the second-largest foreign shareholder of Masan Group, after the funds owned by the Government of Singapore, and the largest shareholder of Masan Nutri-Science after Masan Group. The transaction allows PENM Partners to fully exit their original investment in Masan Group.

KKR invests from its Asian Fund II.