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MEF divests from Minh Hoang Garment JSC

Released at: 14:09, 21/09/2018

MEF divests from Minh Hoang Garment JSC

Photo: Duc Thanh

Mekong Capital among first private equity funds in Asia to fully divest from three funds.

by Minh Do

Mekong Capital’s Mekong Enterprise Fund (MEF) has divested from its final remaining investment, the Minh Hoang Garment JSC (MHG).

The divestment follows the recent sale of the final investments in both the Mekong Enterprise Fund II and the Vietnam Azalea Fund. Its value was not disclosed.

“With the exit from Minh Hoang, we are delighted to have completed divestments from all of our first three funds,” said Mr. Chris Freund, Partner at Mekong Capital. “This enables us to focus on our newer investments in the Mekong Enterprise Fund III (MEF III), partnering closely with each of those companies to ensure they each achieve their vision.”

Established in 1992, MHG is a privately-owned Vietnamese garment manufacturer.

MHG is a producer of sports apparel, active-wear, and outerwear, supplying some of the top brands worldwide. It specializes in the production of woven garments, including complex and hi-tech apparel.

It is also one of Vietnam’s pioneers and leaders in lean manufacturing, having fully converted all of its production lines to lean since 2006. 

With the completion of this divestment, all investments in Mekong Capital’s first three funds have been fully exited, making it one of the first private equity funds in Asia to have fully divested from three funds. In total, Mekong Capital has completed 26 exits of private equity investments. All currently managed by Mekong Capital are held in MEF III, which has so far announced seven investments.

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