PENM Partners

Profile

PENM Partners is an independent private equity firm based in Copenhagen, Denmark, founded in 2006 with a regional office in Ho Chi Minh City, Vietnam. The firm is led by Managing Partner Hans Christian Jacobsen, who has extensive experience from his tenure at the European Bank of Reconstruction and Development and has worked in emerging markets since 1986. The team at PENM Partners is composed of international and Vietnamese professionals with strong operational backgrounds, bringing expertise in various sectors including consumer goods, textiles, and financial services. They offer equity capital and strategic partnerships, focusing on sustainable corporate governance as a distinctive feature of their approach.

PENM Partners invests in Vietnamese companies, covering sectors such as consumer goods, financial services, and general industries. They target a broad geographical range within Vietnam and have established connections across political and business networks. Though specific check sizes are not detailed, their investment stages are implied to cover growth capital needs. The firm manages four funds with notable investments in companies like Masan Group, Hoa Phat Group, and Taseco Air.

Their portfolio includes noteworthy companies such as Masan Group, known for consumer goods; Hoa Phat Group, a construction firm; and Taseco Air, involved in airport services. PENM Partners has facilitated various strategic exits, selling stakes to entities like KKR. The firm's established track record in Vietnam over 17 years underscores their seasoned presence as a strategic partner backed by Danish expertise.