Growtheum Said to Invest $100 Million in Vietnam Dairy Maker IDP

Growtheum Capital Partners has agreed to pay around $100 million for a stake in Vietnam’s International Dairy Products JSC as it looks to tap the region’s growing dairy market, a person familiar with the matter said.

Singapore-based GCP will hold around 15% of the Vietnamese company after the deal, the person said, asking not to be identified because the information is private.

Vietnam’s dairy sector is expected to grow steadily on increasing demand for nutritional products. Milk consumption in Vietnam was 28 liters per person in 2021. That’s lower than in Thailand and Singapore, which registered 35 liters and 45 ...