Mekong Capital invests in ACC

March 30, 2011 | 09:35

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Mekong Capital announced its Mekong Enterprise Fund II made its 10^th investment deal on March 29 in Asia Chemical Corporation with the amount of $3.4 million.

The Asia Chemical Corporation is leading chemicals and ingredients distribution with 1,300 customer institutions in Vietnam. The company has started producing initially non-dairy creamer and chemicals using in exporting agricultural products since 2010. The company targets to become the top three distributor in specialty chemicals and ingredients in Vietnam.

“Consumption behaviors of the Vietnamese population are changing very rapidly in favor of processed foods, fast moving consumer goods (FMCG) products and other product categories that require the supply of ACC’s specialty chemicals and ingredients,” said Thomas Lanyi, investment director of Mekong Capital.

The $50 million Mekong Enterprise Fund II is a private equity fund focusing on equity investments in unlisted companies in Vietnam. The Fund aims to make investments in well-managed, fast-growing companies, particularly in consumer-driven industries in Vietnam. The Fund has made tenth investments and sold two.

Recently on February 21, Mekong Enterprise Fund II Ltd has successfully divested total its first fund’s investment in International Consumer Products (“ICP”) to a strategic investor, Marico Ltd., a publicly listed consumer products company based in India.

By Van Ngoc

vir.com.vn

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