Mekong Enterprise Fund II Partially Exits Its Investment in MobileWorld (Asia)

Source: Mekong Capital

Mekong Capital, a Vietnam-focused private equity firm, has announced the completion of a partial exit from its 2007 investment in Vietnamese mobile phone retailer MobileWorld Investment Corporation. Mekong Capital’s Mekong Enterprise Fund II sold part of its stake to an undisclosed financial investor, reducing its holding from 32.5 percent to 25.8 percent. While financial details of the transaction were not disclosed, Mekong reported an 11x return from the sale.