Standard Chartered invests $35 million in Vietnamese restaurant chain  The Standard Chartered headquarters in Standard Chartered’s private equity arm announced, Tuesday, that it acquired a significant minority stake in Vietnamese restaurant chain operator Golden Gate for US$35 million. Standard Chartered Private Equity (SCPE) said that the deal marks its first investment in Bert Kwan, head of Southeast Asia at SCPE, and investment professional Lee Tjen Chew will join SCPE’s announcement came after Mekong Capital, a Vietnamese private equity firm, said it had exited its investment in Mekong Capital Partner Chad Ovel said in statement released on September 12 that “Nonetheless, as a lot of value had been created in the period of our investment, we saw this as an opportunity to realize profits for the fund,” said Ovel. Mekong Capital reportedly invested $2.6 million in Golden Gate is one of the leading restaurant chain operators in Vietnam with popular brands like mushroom hotpot restaurant Ashima, rotary express hotpot restaurant Kichi-Kichi, grill and hotpot restaurant SumoBBQ and beer club Vuvuzela. |
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