Photo: Mekong Capital
Vietnam-focused private equity firm picks up award from Private Equity International for fourth year in a row.
Mekong Capital has been named Frontier Market Firm of the Year in Asia for 2016 by Private Equity International. This is the fourth year in a row Mekong Capital has picked up an award from the publication.
Mr. Chris Freund, founder and Partner of Mekong Capital, said: “This is a great honor for our team and also reflects the strong track record that is emerging in Vietnam’s private equity industry in general. The results that our investee companies have been delivering are also an affirmation of the strong management teams they have been building, their investment in developing corporate cultures that deliver results, and their general openness to applying best practices.”
Mekong’s investee companies performed very well in 2016, led by MobileWorld, Traphaco, Phu Nhuan Jewelry, Vietnam Australia International School, ABA Cool-trans, Wrap & Roll, and F88. This performance is strongly correlated with these companies applying many best practices that are part of Mekong Capital’s Vision Driven Investing framework.
Exits in 2016 included full exits from Phu Nhuan Jewelry, FPT Corporation, Intresco, and Nam Long, and several partial exits from MobileWorld. The most recent exit from MobileWorld in the fourth quarter was at a price per share 89x the original price per share at which our fund originally invested in 2007. The Mekong Enterprise Fund III has completed new investments in ABA, Wrap & Roll, and F88 and expects to announce three or four more investments in the first half of 2017.
Mr. Chad Ovel, Partner of Mekong Capital, said: “We are very proud to receive this unique award. This recognition is a clear validation of the large investment we have made to transition into a truly operating-centric firm. Our ability to provide our investee companies access to global best practices has been an absolute game-changer for their businesses and our returns.”
The Private Equity International Awards 2016 were voted on by investment industry professionals and included more than 35,000 votes across all categories.
Mekong Capital is a Vietnam-focused private equity firm, specializing in consumer-driven businesses. Its funds have completed 31 private equity investments in Vietnam, of which 20 have been fully exited and one has been partially exited.
It manages four funds with a team of 25+ full-time people in its offices in Ho Chi Minh City and Hanoi. The funds invest in fast-growing companies with ambitious expansion plans and a commitment to building management teams that will successfully execute on those expansion plans. These companies are typically well-established companies in consumer-driven sectors that operate in fragmented and fast-growing markets that provide attractive growth opportunities.