Private equity firm Mekong Capital has offloaded its stake in luxury fashion retailer Mai Son Joint Stock Company for an undisclosed amount.

Its Mekong Enterprise Fund II (MEF II) had invested US$5 million in Mai Son in March 2008 when it had six stores selling three fashion brands.

The retailer now has 28 outlets in Ho Chi Minh City and Hanoi selling high-end international brands like Mango, Charles & Keith, Pedro, Versace, Jimmy Choo, JustCavalli, Accessorize, and La Senza.

MEF II is a $50 million fund that invests in Vietnamese companies at the pre-listing stage.

The Ho Chi Minh City-based Mekong Capital, established in 2001, is a private equity and venture capital firm which invests in private companies in Vietnam, Cambodia, and Laos.

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