Mekong Capital completes 26 exits of private equity investments
By Quynh Chi
September 21, 2018 | 09:27 AM GMT+7
Mekong Capital has become one of the first private equity funds in Asia to have fully divested three funds.
Lending firm F88 is one of Mekong Enterprise Fund III's seven investments.
Mekong Capital, a Vietnam-focused private equity firm, specializing in consumer-driven businesses, lately announced that its Mekong Enterprise Fund (MEF) has divested its final remaining investment, a garment manufacturing company called Minh Hoang.
This divestment follows the recent sale of the final investments in both Mekong Enterprise Fund II and Vietnam Azalea Fund.
With the completion of this divestment, all of the investments in Mekong Capital’s first three funds have been fully exited, making Mekong Capital one of the first private equity funds in Asia to have fully divested three funds.
In total, Mekong Capital’s funds have completed 33 private equity investments in Vietnam, of which 26 have been fully exited.
All investments currently managed by Mekong Capital are held in its latest investment vehicle, the Mekong Enterprise Fund III (MEF III), which has so far announced seven investments including lending firm F88, logistics companies Nhat Tin and ABA, restaurant operator Red Wok, Ben Thanh Jewelry, Yola Education, and mattress retailer Vua Nem.
“With the exit of Minh Hoang, we are so delighted to have completed the divestments of all of our first three funds," said Chris Freund, Partner at Mekong Capital.
He added: "This enables us to focus on our newer investments in Mekong Enterprise Fund III, partnering closely with each of those companies to ensure they each achieve their vision."
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.
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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