Kirkland Represents TPG and ADIA on Investment in The CrownX
Kirkland & Ellis advised TPG, a leading global alternative asset firm, and Abu Dhabi Investment Authority, a globally diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi, on the acquisition of a minority stake in The CrownX. The CrownX is majority owned by Masan Group Corporation (HOSE: MSN) and forms part of Masan’s integrated consumer retail arm that consolidates its interests in Masan Consumer Holdings and WinCommerce. The transaction implies a post-money valuation of $8.2 billion for 100% of The CrownX’s equity, and marks the final capital raising for The CrownX in advance of preparing for an international IPO in 2023-2024.
The Kirkland team was led by transactional partners Daniel Dusek and Maurice Conway, and included transactional registered foreign lawyer Joshua Payne and associate Serene Lu, debt finance partner Manas Chandrashekar and associates Kibbeum Kim and Magdalene Lu, and government & internal investigations partner Cori Lable and associate Tiffany Wu.
