Standard Chartered Private Equity invests in Vietnam’s integrated children’s lifestyle platform
Standard Chartered Private Equity (“SCPE”), Standard Chartered Bank’s private equity arm, is pleased to announce an investment of US$40million for a minority stake in N Kid Corporation (“N Kid” or “the Company”).
N Kid is the leading integrated children’s lifestyle platform in Vietnam. It is a market pioneer in delivering a fun, safe and healthy environment in best-in-class family entertainment centres, and is also a leader in the distribution and retail of branded toys and mother & baby products. With its world class management team, distinctive brand concepts and favourable country demographics, N Kid has experienced tremendous growth since inception and has developed its brands into household names among young families in Vietnam.
This fresh equity injection from SCPE will help N Kid in its expansion plans as the Company rolls out more family entertainment centres and retail outlets across Vietnam, multiplies its distribution channels and develops new complementary businesses.
The company’s business model and aspirations are aligned with SCPE’s investment strategy. As a strategic partner to N Kid, SCPE can add to the management expertise and avail the Standard Chartered Bank international network to support the company’s growth plans.
Thuy Dropsey, Director of SCPE, said: “We are privileged to partner with Mr Ngo and his management team, who have done an outstanding job in building a platform that caters to the needs of young Vietnamese families. We look forward to supporting the team to accelerate its growth and presence across Vietnam, and to help achieve its long-term vision.”
For further information please contact:
Valerie Tay
Director, Corporate & Institutional Banking Communications
Standard Chartered Bank
+65 6596 9284
valerie.tay@sc.com
Standard Chartered Private Equity
SCPE is the private equity arm of Standard Chartered Bank. SCPE provides companies with expansion capital and acquisition finance and also finances management buy-outs. SCPE focuses on companies whose principal operations and management are located in Asia, Africa or the Middle East. It is an active partner that provides board-level strategic advice and access to the international network of Standard Chartered Bank. Since inception, SCPE has invested over USD6 billion in over 100 companies across the Standard Chartered Bank global footprint.