SCPE backs Vietnam's Golden Gate, Mekong secures 9x exit
Standard Chartered Private Equity (SCPE) has acquired a significant minority stake in Golden Gate, a Vietnam-based restaurant operator, for $35 million. The investment has allowed existing backer Mekong Capital to make a full exit with a net multiple of 9.1x.
Golden Gate owns and operates a portfolio of 11 proprietary restaurant brands across 67 outlets located in and around Hanoi and Ho Chi Minh City. Its brands include four hotpot concepts - mushroom, rotary...
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