ICP and BankInvest Enter Into Strategic Partnership

On June 27, 2008, in Ho Chi Minh city, the International Consumer Products Corporation (ICP) and BankInvest Private Equity New Markets (BankInvest) announced the strategic partnership agreement.

Under the agreement, BankInvest will become a strategic shareholder of ICP with total investment of US$ 9.6 million dollars. Aside from the aforementioned capital, BankInvest will utilize its expertise in corporate governance and management experience from investment managers to support the company in strategic planning which is particularly important at the present stage of growth in ICP. Capital provided by BankInvest will be primarily used growing its businesses, building advanced and modern system, and attracting high-level human resource.

ICP is one of the privately-owned companies of strong organizational capabilities demonstrated via its sustainable growth, its corporate governance promoting transparency, and its management team from multinational corporations of extensive experience and devotion to building the company. Thanks to these strengths, ICP is able to attract capital from investors despite recent negative movements in the financial market. The partnership with BankInvest will foster the company&rsquos growth in the future.

International Consumption Products (ICP) is one of the most successful and fast-growing Fast Moving Consumer Goods companies in Vietnam. It markets and distributes well-established brands in Vietnam such as X-Men, X-men for boss, Hatrick and Teen-X (men&rsquos personal care)&hellip.