Mekong Capital is a Vietnam-focused private equity firm. Operating in Vietnam since 2001, Mekong Capital is one of the first private equity firms to engage Vietnam, and has completed 42 private equity investments (including 28 full exits) in Vietnam through 5 funds with more than 60 full-time employees.[1] Mekong Capital has offices in Ho Chi Minh City, Hanoi.[2] Focusing on manufacturing companies until 2005, Mekong Capital shifted its focus towards consumer-driven businesses in 2006.
Sonatus Building, 25th floor, 15 Le Thanh Ton, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam
Key people
Chris Freund - Founder and Partner
Number of employees
60
Website
www.mekongcapital.com
Mekong Capital won Private Equity International's awards, including Operational Improvement Award for Asian Small Caps for 2013, Frontier Market Firm of the year for 2014, Operational Excellence Award 2015 for the Asia-Pacific Small Cap Category, Frontier Market Firm of the year in Asia for 2016, and Operational Excellence for a small cap investment in Asia for 2017.[3]
Mekong Capital was founded by Chris Freund[4] in 2001. Chris Freund was formerly with Templeton Asset Management,[5] based in Vietnam and Singapore, from 1995 to 2001.
Some of Mekong Capital's well-known investments include:
The Gioi Di Dong (MobileWorld)[6] - Vietnam's largest mobile device retail chain, with over 1,300 mobile phone stores, 700 larger-format consumer electronics stores, and 300 mini-supermarkets under its third retail concept, by the time Mekong Capital completed its full divestment.[7] Mekong Capital fully exited The Gioi Di Dong in January 2018, generating a return multiple of 57x and an IRR of 61.1% on a cumulative basis, making it one of the most successful investments in the history of Asia's Private Equity.
Golden Gate - Vietnam's leading restaurant operator with around 250 restaurants across more than 14 brands.
Vietnam Australia International Schools (VAS) - One of the largest K-12 private school chains in Vietnam, with 8 campuses for the 2016/2017 school year;
Traphaco - The market share leader in the manufacturing, branding, and distribution of traditional medicines and herbal supplements in Vietnam;
Loc Troi Group - The largest distributor of plant protection chemicals in Vietnam, and a pioneer in vertically integrated rice processing in Vietnam;
Phu Nhuan Jewelry - The largest jewelry retail chain in Vietnam, with over 200 stores;
Masan Consumer - The largest packaged food FMCG company in Vietnam;
Asia Chemical Corp (ACC) - The largest locally owned specialty chemical distribution company in Vietnam.
ExitsEdit
By January 2018, Mekong Capital has achieved 24 complete exits of investments that were unlisted at the time of the original investment: Tan Dai Hung Plastic, Duc Thanh Wood Processing, Saigon Gas, Mai Son Retail, Masan Consumer, Minh Phuc Printing, International Consumption Products (ICP), AA Corporation, Goldsun JSC, Lac Viet Computing Corporation, Nam Hoa Wooden Toys, Digiworld, MK Smart, Ngo Han; Venture International, Golden Gate, FPT Corporation, Nam Long, Intresco, Vietnam Australia International School, Phu Nhuan Jewelry (PNJ), Loc Troi Group, Traphaco and The Gioi Di Dong (MobileWorld).
Mekong Capital's Divestment HistoryI
Exit Route
2008
2009
2010
2011
2012
2013
2014
2016
2017
2018
Trade sale of controlling interest of company to a strategic investor
Saigon Gas
ICP
Venture International
Sale of 100% of Fund's shares in a directly negotiated transaction
Duc Thanh
Mai Son
Minh Phuc; AA Corporation
Goldsun; Lac Viet; Nam Hoa
Digiworld; MK Smart
Golden Gate
Loc Troi; Traphaco
Sale of Fund's shares via securities markets
Tan Dai Hung
Masan Food
Ngo Han; MobileWorld
MobileWorld
FPT; Nam Long; Intresco; MobileWorld; PNJII
PNJ
MobileWorld
IIncludes only investments that were unlisted at the time of Fund's initial investment IIPartial exit
Mekong Capital is holding several other investments in companies that were unlisted at the time of the original investment and are now listed: Traphaco, Phu Nhuan Jewelry, Intresco, and MobileWorld.
FundsEdit
Mekong Enterprise Fund, Ltd. - Launched in 2002, this fund focuses on private equity investments in Vietnamese SMEs, typically private family-owned manufacturing businesses [8]
Mekong Enterprise Fund II, Ltd. - Launched in 2006, this fund focuses on private equity investments in fast-growing private Vietnamese companies with excellent management teams, typically in consumer-driven industries [9]
Vietnam Azalea Fund, Limited. - Launched in 2007, this fund focuses primarily on pre-IPO investments, including privatizations[10][11]
Mekong Enterprise Fund III, Ltd. - A private equity fund launched in 2016, focusing on consumer-driven industries in Vietnam,[12] typically looking to deploy $8 million to $15 million per deal.
Mekong Enterprise Fund IV, Ltd. - Launched in 2019, this fund focuses on retail, education, restaurants, consumer services, FMCG, and health care. The funds portfolio includes Mutosi, HSV Group, Entobel, and Maison Marou. MEFIV targets investments ranging from $10-35 million and can make both minority and buy-out investments. [13]
ReferencesEdit
^. Archived from the original on 2011-07-07. Retrieved 2009-11-12.
^(PDF). Archived from the original (PDF) on 2014-04-24. Retrieved 2012-07-18.
^"Vietnam-based PE firm Mekong Capital closes the fifth fund at $246m". DealStreetAsia. Retrieved 2021-05-27.
October 16, 2023
mekong, capital, this, article, contains, content, that, written, like, advertisement, please, help, improve, removing, promotional, content, inappropriate, external, links, adding, encyclopedic, content, written, from, neutral, point, view, 2018, learn, when,. This article contains content that is written like an advertisement Please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view May 2018 Learn how and when to remove this template message This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Mekong Capital news newspapers books scholar JSTOR May 2018 Learn how and when to remove this template message Mekong Capital is a Vietnam focused private equity firm Operating in Vietnam since 2001 Mekong Capital is one of the first private equity firms to engage Vietnam and has completed 42 private equity investments including 28 full exits in Vietnam through 5 funds with more than 60 full time employees 1 Mekong Capital has offices in Ho Chi Minh City Hanoi 2 Focusing on manufacturing companies until 2005 Mekong Capital shifted its focus towards consumer driven businesses in 2006 Mekong CapitalTypeLimited LiabilityIndustryPrivate EquityFounded2001HeadquartersSonatus Building 25th floor 15 Le Thanh Ton Ben Nghe Ward District 1 Ho Chi Minh City VietnamKey peopleChris Freund Founder and PartnerNumber of employees60Websitewww mekongcapital comMekong Capital won Private Equity International s awards including Operational Improvement Award for Asian Small Caps for 2013 Frontier Market Firm of the year for 2014 Operational Excellence Award 2015 for the Asia Pacific Small Cap Category Frontier Market Firm of the year in Asia for 2016 and Operational Excellence for a small cap investment in Asia for 2017 3 Mekong Capital was founded by Chris Freund 4 in 2001 Chris Freund was formerly with Templeton Asset Management 5 based in Vietnam and Singapore from 1995 to 2001 Some of Mekong Capital s well known investments include The Gioi Di Dong MobileWorld 6 Vietnam s largest mobile device retail chain with over 1 300 mobile phone stores 700 larger format consumer electronics stores and 300 mini supermarkets under its third retail concept by the time Mekong Capital completed its full divestment 7 Mekong Capital fully exited The Gioi Di Dong in January 2018 generating a return multiple of 57x and an IRR of 61 1 on a cumulative basis making it one of the most successful investments in the history of Asia s Private Equity Golden Gate Vietnam s leading restaurant operator with around 250 restaurants across more than 14 brands Vietnam Australia International Schools VAS One of the largest K 12 private school chains in Vietnam with 8 campuses for the 2016 2017 school year Traphaco The market share leader in the manufacturing branding and distribution of traditional medicines and herbal supplements in Vietnam Loc Troi Group The largest distributor of plant protection chemicals in Vietnam and a pioneer in vertically integrated rice processing in Vietnam Phu Nhuan Jewelry The largest jewelry retail chain in Vietnam with over 200 stores Masan Consumer The largest packaged food FMCG company in Vietnam Asia Chemical Corp ACC The largest locally owned specialty chemical distribution company in Vietnam Exits EditBy January 2018 Mekong Capital has achieved 24 complete exits of investments that were unlisted at the time of the original investment Tan Dai Hung Plastic Duc Thanh Wood Processing Saigon Gas Mai Son Retail Masan Consumer Minh Phuc Printing International Consumption Products ICP AA Corporation Goldsun JSC Lac Viet Computing Corporation Nam Hoa Wooden Toys Digiworld MK Smart Ngo Han Venture International Golden Gate FPT Corporation Nam Long Intresco Vietnam Australia International School Phu Nhuan Jewelry PNJ Loc Troi Group Traphaco and The Gioi Di Dong MobileWorld Mekong Capital s Divestment HistoryI Exit Route 2008 2009 2010 2011 2012 2013 2014 2016 2017 2018Trade sale of controlling interest of company to a strategic investor Saigon Gas ICP Venture InternationalSale of 100 of Fund s shares in a directly negotiated transaction Duc Thanh Mai Son Minh Phuc AA Corporation Goldsun Lac Viet Nam Hoa Digiworld MK Smart Golden Gate Loc Troi TraphacoSale of Fund s shares via securities markets Tan Dai Hung Masan Food Ngo Han MobileWorld MobileWorld FPT Nam Long Intresco MobileWorld PNJII PNJ MobileWorldIIncludes only investments that were unlisted at the time of Fund s initial investment IIPartial exitMekong Capital is holding several other investments in companies that were unlisted at the time of the original investment and are now listed Traphaco Phu Nhuan Jewelry Intresco and MobileWorld Funds EditMekong Enterprise Fund Ltd Launched in 2002 this fund focuses on private equity investments in Vietnamese SMEs typically private family owned manufacturing businesses 8 Mekong Enterprise Fund II Ltd Launched in 2006 this fund focuses on private equity investments in fast growing private Vietnamese companies with excellent management teams typically in consumer driven industries 9 Vietnam Azalea Fund Limited Launched in 2007 this fund focuses primarily on pre IPO investments including privatizations 10 11 Mekong Enterprise Fund III Ltd A private equity fund launched in 2016 focusing on consumer driven industries in Vietnam 12 typically looking to deploy 8 million to 15 million per deal Mekong Enterprise Fund IV Ltd Launched in 2019 this fund focuses on retail education restaurants consumer services FMCG and health care The funds portfolio includes Mutosi HSV Group Entobel and Maison Marou MEFIV targets investments ranging from 10 35 million and can make both minority and buy out investments 13 References Edit AsiaMoney Sowing the Seeds of Progress Archived from the original on 2011 07 07 Retrieved 2009 11 12 PEIAsia Mekong s Vietnam Venture PDF Archived from the original PDF on 2014 04 24 Retrieved 2012 07 18 Mekong Capital wins PEI award for Cong Vang deal WSJ Investor Seeks the Next China in Vietnam Capvent China India Brazil Private Equity Partners Summit 2011 Archived 2011 01 30 at the Wayback Machine MobileWorld Website Emerging Markets Private Equity Association EMPEA Impact Case Study MobileWorld Archived from the original on 2012 08 10 Retrieved 2012 07 23 Mekong Enterprise Fund Archived 2013 04 14 at archive today FinanceAsia Latest Vietnam Private Equity Fund Fully Subscribed FinanceAsia Mekong Capital continues to capitalise on Vietnam interest Vietnam Azalea Fund Archived from the original on 2012 07 02 Retrieved 2012 07 18 Mekong Capital in fundraising for Fund III Vietnam based PE firm Mekong Capital closes the fifth fund at 246m DealStreetAsia Retrieved 2021 05 27 Retrieved from https en wikipedia org w index php title Mekong Capital amp oldid 1176808332, wikipedia, wiki, book, books, library,
