Mekong exits toy maker Nam Hoa

The private equity firm, which is currently raising its third vehicle, first invested in Nam Hoa in June 2004 via its maiden vehicle, Mekong Enterprise Fund (MEF). The company, which primarily makes products for educational and developmental purposes, such as wooden alphabets and puzzles, also manufactures children's furniture.

This transaction represents Mekong's 11th exit, and the eighth exit of 10 investments made by MEF by the end of 2005. MEF was launched in 2002 and has $18.5 million in committed capital. It is making progress towards realizing its remaining holdings as the fund's lifespan draws to a close at the end of 2012.

Mekong, whose funds are currently holding 15 investee companies, recently hired Veronica John, founder of Serasi Capital and former CEO of IDFC Capital, as a senior advisor. John is now responsible for various aspects of the Vietnam-focused GP's operations, including investments, fundraising and private equity best practices.

The investor's third fund has a target of $150 million and plans to tap opportunities in Vietnam's fast-growing consumer sector. Mekong will source new capital from foreign investors for the vehicle, which will be invested in 10 to 12 private consumer goods, retail and consumer services companies.

Established in 2001, Mekong has typically invested in fast-growing companies in this sector.

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• Topics
• Exits
• Consumer
• Southeast Asia
• Vietnam
• Exit
• Consumer
• Mekong Capital