Mekong Capital completes final divestment in Minh Hoang garment
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.
Mekong Enterprise Fund (MEF), a fund run by Vietnam-focused private equity firm Mekong Capital, has divested its final remaining investment in Minh Hoang garment manufacturing company, announced the former in a statement.
Illustrative photo.
|
In total, Mekong Capital has completed 26 exits of private equity investments. All investments currently managed by Mekong Capital are held in the Mekong Enterprise Fund III (MEF III), which has so far announced seven investments.
"With the exit of Minh Hoang, we are so delighted to have completed the divestments of all of our first three funds. This enables us to focus on our newer investments in MEF III, partnering closely with each of those companies to ensure they each achieve their vision," stated Chris Freund, partner at Mekong Capital.
Minh Hoang is a local producer of sports apparel, active-wear and outerwear.
In January 2018, Mekong Capital completed the sale of its last remaining five million shares in Mobile World, resulting in a 56.9x gross return multiple and 61.1% gross IRR, making this investment being one of the most successful investments in the history of Asian Private Equity. Prior to that, the fund generated a gross return of 4.5x and 9.0x for its investments in Vietnam Australia International School and Golden Gate, respectively.
Overall, Mekong Capital's funds have completed 33 private equity investments in Vietnam, of which 26 have been fully exited. Its latest investment vehicle, the MEF III, has to date announced investments in seven companies, including lending firm F88, logistics companies Nhat Tin and ABA, restaurant operator Red Wok, Ben Thanh Jewelry, Yola Education, and mattress retailer Vua Nem.
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
- Foreign companies confirm investment expansion in Vietnam in 2025
- PM invites Skoda to manufacture electric vehicles in Vietnam
- US Berggruen Holdings to help Vietnam set up investment funds
- Vietnam releases Esports White Book 2022-2023
- Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
- Better links with FDI firms to support Hanoi businesses