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Exited Please find below for more information on the investee companies which were successfully
sold by the Mekong Enterprise Fund, Mekong Enterprise Fund II and Vietnam Azalea Fund.
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MEF's divestment from AA Corporation (AA) In October 2011, Mekong Enterprise Fund, Ltd. successfully divested 100% of its investment in AA Corporation to an investment fund. This came at a time that the company is so healthy. In recent years, AA have built up their management team, and delivered increasingly strong performance. The Fund invested in AA in March 2003. |
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MEF II's divestment from International Consumer Products (ICP) In February 2011, Mekong Enterprise Fund II Ltd has successfully divested 100% of its investment in International Consumer Products (“ICP”) to a strategic investor, Marico Ltd., a publicly listed consumer products company based in India. The Fund had invested in ICP in October, 2006. |
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MEF's divestment from Minh Phuc Printing and Packaging Company In February 2011, Mekong Capital completed the divestment of Mekong Enterprise Fund’s entire position in
Minh Phuc Printing and Packaging Company (“Minh Phuc”) to a Vietnamese strategic investor. The Fund originally invested in Minh Phuc in November 2004. |
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VAF's divestment from Masan Food Corporation In November 2010, the Fund divested 100% of its shares through a negotiated block transaction on the OTC market. The Fund originally invested into Masan Food, the leading maker of branded sauce and seasoning products and a major player in the large instant noodles market, in May 2009. |
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MEF II's divestment from Mai Son Joint Stock Company In
June 2010, Mekong Capital has completed the sale of Mekong Enterprise Fund
II’s investment in Mai Son Joint Stock Company, a luxury fashion retailer in Vietnam. The Fund originally invested in
Mai Son in March 2008. |
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MEF's divestment from Tan Dai Hung Plastics
In August 2009, Mekong Enterprise Fund has completed the sales of its shares in Tan Dai Hung Plastics Joint Stock Company. The Fund originally invested in Tan Dai Hung in March 2003, which was the Fund’s first investment. We have worked with them to prepare for a successful listing in November 2007. |
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MEF's divestment from Duc Thanh
In Aug 2009, Mekong Capital has completed the
sale of Mekong Enterprise Fund’s investment in Duc Thanh Wood Processing Joint Stock Company
(“Duc Thanh”) to a Vietnamese strategic investor. The Fund originally invested in
Duc Thanh in February 2005. |
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MEF’s divestment from Saigon Gas In December 2008, Mekong Enterprise Fund sold its stake in Saigon Gas to the French oil and gas giant, Total Group, who acquired 100% of the company concurrently. This was Mekong Capital’s first divestment.
Foreseeing the consolidation trend in Vietnam’s LPG market and understanding the industry dynamics, we worked closely with the company to make it attractive to strategic buyers, focusing on its distribution network, strong brand, and transparency in financial reporting. As a result, MEF managed to complete the exit at attractive valuations, even in the midst of a global financial crisis.
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