Mekong Capital Invests in Vietnam’s Pawn Shop Chain F88

03/06/2018

BizLIVE - Mekong Capital’s fourth fund has invested an undisclosed amount in Vietnam-based pawn service provider F88.
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Mekong Enterprise Fund III (MEF III), the fourth fund of Vietnam-focused private equity firm Mekong Capital has poured an undisclosed amount into pawn shop chain F88, marking the third investment after its launch in May 2015.
Chris Freund, partner at Mekong Capital, declined to reveal the size of the investment.
Typically, MEF III funds between $8 million and 15 million, and can make both minority and buy-out investments.
Founded in 2013, F88 Investment JSC is Vietnam’s first pawn service chain, leveraged by a tech platform. It provides loans on collateral such as motor cars, motorcycles, mobile phones, and laptops.
F88, which now has 12 outlets in Hanoi and surrounding provinces, plans to list its shares on the stock market in the next five years.
Prior to the financing into the pawn shop operator, Mekong Enterprise Fund III had invested in restaurant chain Wrap & Roll and logistics company ABA Corporation.
MEF III has raised $112.5 million in committed capital. It aims to make a total of approximately 10-12 investments during the first four years of its operations.

>> Xem thêm: https://bizlive.vn/biznews/mekong-capital-invests-in-vietnams-pawn-shop-chain-f88-2377450.html
TUAN MINH

Nguồn: bizlive.vn

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