Children play at a N Kid establishment. Photo: Internet
Private Equity (SCPE) has invested $40 million to hold a significant minority stake in N Kid Corporation (N Kid), an integrated lifestyle platform for kids and teenagers in Vietnam.
BDA Partners, a cross-border investment bank involving Asia, acted as exclusive financial advisor to the deal, the firm said in a statement on its website.
Founded in 2009, N Kid operates approximately 30 family entertainment centers under the brand names tiNiWorld and T CLB, a toy and mom and baby products distribution business under PNC Toys brand, as well as 20 Toyland and Babyland retail outlets across Vietnam.
N Kid will use the proceeds to further expand its family entertainment and retail chain, and develop new adjacent businesses.
This is the second investment of SCPE in Vietnam this year. The firm earlier this year put $25 million in Vietnamese mobile wallet MoMo.
The maiden investment of SCPE in Vietnam was made in 2015 when the firm acquired a stake worth $35 million in restaurant chain Golden Gate from Vietnam-focused PE firm Mekong Capital.
The British PE investor then acquired a major minority stake at agri-business Loc Troi Group, formerly known as An Giang
Plant Protection, for $90 million from VinaCapital