Vietnam-focused private equity fund manager Mekong Capital has fully exited its investment in Vietnam-based mobile device and home appliance retailer MobileWorld. The firm sold five million shares for VND165,000 (approximately US$7.26) per share for proceeds of VND825 billion (approximately US$36.3 million). Mekong originally invested US$3.5 million for a 35 percent stake in MobileWorld in 2007 through Mekong Enterprise Fund II. The firm’s reported cumulative proceeds from the sale of MobileWorld shares and dividends received were US$199.4 million, representing a return multiple of 57x and a net internal rate of return (IRR) of 61.1 percent in U.S. dollar terms.