Private equity firm wins an award from Private Equity International for the second year in a row.
Mekong Capital has been named Frontier Market Firm for 2014 by Private Equity International. Having won the Operational Improvement Firm in the Asian Small Cap category in 2013, this was the second year in a row the private equity firm has picked up an award from Private Equity International.
"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," said Mr. Chris Freund, founder and Partner of Mekong Capital. "The results our investee companies have been delivering are also 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."
2014 was an extraordinary year for Mekong Capital. Its investee companies achieved weighted average net profit growth of 128 per cent, led by MobileWorld, Nam Long, Intresco, and PNJ. The Mekong Enterprise Fund II exited Golden Gate with a nine-fold or more return. It also partially exited MobileWorld at a 21-fold return prior to the electronics giant listing last July. MobileWorld's shares subsequently traded up to more than 50-fold their original price when the Fund first invested in 2007.
The Private Equity International Awards 2014 are voted on by investment industry professionals and included more than 35,000 votes across all categories for the 2014 awards.