The company will further expand its entertainment and retail chain as well as roll out new adjacent businesses with the new funding.
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.
On September 30, Andy Ho, who is currently the chief investment officer of VinaCapital, one of the largest fund management firms in Vietnam, will be one of the speakers at the Asia Private Equity – Venture Capital Summit organised by DEALSTREETASIA.
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.
Sunrise Capital II acquired MIRIVE, a B2B used car auction operator, in May 2013. It has completed the sale of all shares in MIRIVE. Financial details of the divestment were not disclosed.