Global alternative investment firm TPG has reached an agreement to acquire majority stake in Vietnam Australia International School (VAS), as its existing shareholders – Mekong Capital and MAJ Invest – plan to fully divest their stakes in the company. Meanwhile, Pham Tan Nghia, founder of VAS, will continue as a shareholder after… Read more »
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It is targeting these investments in the first half of the year.
Private equity firm Mekong Capital has invested an undisclosed amount into Vietnam-based prawn shop chain F88, marking the third investment by its $112.5 million fourth fund.
PE investors in Loc Troi Group include Mekong Capital, VinaCapital, DWS Vietnam Fund and Standard Chartered Private Equity.
The financial details of the deal was not disclosed, but Mekong Capital said it typically invested $6-12 million in each company by the Mekong Enterprise Fund III, which has hit the final close of $112 million. The vehicle can make both minority stake purchases and buyouts.
Mekong Capital’s latest $112-million fund, Mekong Enterprise Fund III, has invested in Vietnamese restaurant chain Wrap & Roll, marking its first investment since its launch in 2015.
Mekong Capital has added its first two female partners – Pham Vu Thanh Giang and Truong Dieu Le – who will join the current partners, Chris Freund and Chad Ovel. The female partners both have around 19 years of experience in private equity space in Vietnam.
Private equity firm Mekong Capital’s Vietnam Azalea Fund is mulling a partial exit from Phu Nhuan Jewelry, a company the fund invested in 2008, through selling its holdings on the stock exchange this month.
The fund size is smaller than Mekong Capital’s initial expectation of raising a total of $150 million. Last year, it raised $87.4 million for this vehicle.
Private equity firm Mekong Capital has won the PEI Operational Excellence 2015 award in the Asia Pacific’s small cap category for its investment in Vietnamese restaurant operator Cong Vang (Golden Gate Group) in 2008 and its successful exit last year. Meanwhile, agro-business investment firm The Pan Group, formerly Pan Pacific… Read more »