PENM Partners

PENM Partners is a private equity firm that focuses on investments in acquisition, middle-market, and expansion capital, primarily in Vietnam. Established in 2006 and headquartered in Hellerup, Denmark, with an additional office in Ho Chi Minh City, the firm specializes in sectors such as financial institutions, modern retail, construction materials, branded consumer goods—including food, drinks, and personal care—and healthcare products. PENM Partners typically makes equity investments ranging from $10 million to $30 million, aiming for a shareholding between 10 percent and 40 percent, though it often prefers to hold a majority stake. The firm targets unlisted private companies and has an investment horizon of ten years.