Global investment firm KKR has completed a $250m investment in Vietnam-based Masan Group and its Masan Nutri-Science meat platform.

The transaction marks the company’s second investment in Masan and will accelerate its growth in Vietnam.

As part of the deal, KKR paid $100m for purchasing secondary shares of Masan Group from PENM Partners, a Danish private equity firm, and invested $150m in Masan Nutri-Science to acquire a 7.5% stake.

KKR made the investment from its Asian Fund II.

"The transaction will also allow PENM Partners to completely exit its original investment in Masan Group."

Prior to this, the company invested $359m in Masan Consumer.

Following the completion of the transaction, KKR is set to become the second largest foreign shareholder of Masan Groupafter the funds owned by the Government of Singapore. It will also become the largest shareholder of Masan Nutri-Science after Masan Group.

The transaction will also allow PENM Partners to completely exit its original investment in Masan Group.

Masan Nutri-Science offers branded meat products through its ‘feed-farm-food’ business model in Vietnam.

Last year, the company sold more than 2.5 million tonnes of animal feed through its national network of more than 4,500 dealers, as well as 13 feed facilities.

Masan Group’s member companies and associates provide meat, resources, financial services, and packaged food and beverage.