Mekong Enterprise Fund II Exits Golden Gate (Asia)
Source: Mekong Capital, Asian Venture Capital Journal | Author: Tim Burroughs
Vietnam-focused private equity firm Mekong Capital has divested its stake in Vietnam-based restaurant chain operator Golden Gate. Mekong Capital originally invested US$1.5 million in Golden Gate via a convertible bond in April 2008. The investment was structured through Mekong Enterprise Fund II. Mekong Capital's exit resulted in a reported net return multiple of 9.1x and a gross IRR of 45.1 percent. Financial details of the transaction were not disclosed.