Emerging markets firm Leopard Capital has successfully exited its entire investment in Cambodian mineral water company Kulara Water to the company’s founding shareholder.
The transaction harvested an undisclosed profit for Leopard Cambodia
Fund, the firm said. It provided Kulara with venture financing and
operational support, enabling Kulara to complete its factory
construction and refine its business plan.
Richard Intrator, CIO of Leopard Cambodia Fund, said, “Leopard
Capital is proud to have helped create another world-class consumer
product and local brand in Cambodia. Kulara’s factory is now fully
operational, and eau Kulen is poised to become a significant player in
the local water market. Having supported Kulara from a concept to a
successful launch, we have now returned ownership to its founder and
will redeploy the sales proceeds into other promising businesses.”
Leopard Cambodia Fund was launched by Leopard Capital in April 2008
as the first private equity fund for Cambodia. It raised $34m and has
since made 14 investments in Cambodia, Thailand, and Laos, including
CamGSM, ACLEDA Bank, IPR, Kingdom Breweries, Tropical Beverage Co,
Kulara Water, Phnom Penh Water Supply Authority, Greenside Holdings, EDL
Genco and Engage.
Leopard Capital was founded in 2007 by Douglas Clayton and manages
two other funds: Leopard Haiti Fund, and Leopard Asia Frontier Fund.
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