On the exit side, most of the top deals were made by domestic investors, including VinaCapital and Mekong Capital. The majority of the transactions were completed through the stock exchange.
By Nguyen Thi Bich Ngoc
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.
Bert Kwan, Managing Director and Head of ASEAN at Standard Chartered Private Equity, cited flexibility of its investment mandate and the range of investments it can make – right from $25 million up to over $200 million- as the key advantages that StanChart has.
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.