Vingroup Reportedly Seeks Private Loan to Buy KKR's Stake in Vinschool

Published: 2025-06-05 08:07:27 ET KKR

Published on 06/05/2025 at 08:07

Vietnamese conglomerate Vingroup Joint Stock Company (HOSE:VIC) is seeking a around $300 million private credit loan to purchase KKR & Co. Inc. (NYSE:KKR)?s stake of about 38% in its education subsidiary Vinschool One-Member Company Limited, according to sources familiar with the matter. UBS is approaching private credit funds to garner interest for the proposed loan, the sources said, who asked not to be identified discussing private matters.

If the deal materialises, it will help KKR exit its investment in Vinschool. KKR, UBS and Vingroup declined to comment. Vingroup has tapped the private debt markets before.

In 2023, its real estate arm Vinhomes JSC obtained a $250 million private loan from a group of lenders including SeaTown Holdings International, Deutsche Bank, Tahan Capital and Varde Partners, Bloomberg News reported.