Mekong Capital exits hotel decorator AA Corporation
Mekong Capital, a Vietnam-focused private equity fund, has exited its 100% stake in luxury furniture maker and hotel decorator AA Corporation to an undisclosed investment fund. It has achieved a gross return multiple of 2x and a gross IRR of approximately 10% on an investment of $1.67 million.
Mekong Enterprise Fund invested in AA in two tranches, in March 2003 and July 2005. AA now represents the fifth full exit by the Mekong Enterprise Fund, and Mekong Capital's eight, according the firm....
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