Pizza 4P’s is Mekong Enterprise Fund III’s ninth investee company.
Although the detail of the offer has yet to be revealed, it can be estimated from the previous deals that the offer may cost from $8 million to $15 million.
Mekong Capital has become one of the first private equity funds in Asia to have fully divested three funds.
Upon the completion of the investment of Mekong Capital in mattress and bedding solution provider Vua Nem Joint Stock Company through Mekong Enterprise Fund III, Vua Nem has continuously opened new stores across the country, aiming to have 200 stores in the next two years.
Although the investment value has not been disclosed yet, the Mekong Enterprise Fund III, a subsidiary of Mekong Capital, typically targets investments ranging from $8 to $15 million to make both minority and buy-out investments.
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Mekong Capital just announced that the Vietnam Azalea Fund (VAF) successfully divested its 24.99 per cent stake in Traphaco JSC at VND141,500 (US$8.22) per share.
According to Deal Street Asia, Mekong Capital's VAF Fund has sold 75% of its investment in Loc Troi Group to earn US$9.2 million.
