Creador Invests US$15 Million in OldTown (Asia)
Source: Asian Venture Capital Journal | Author: Susannah Birkwood
Creador, a private equity manager focused on India and Southeast Asia, has invested MYR45.7 million (US$15 million) in OldTown White Coffee, a packaged instant coffee producer and restaurant chain manager based in Malaysia. OldTown has 202 restaurant outlets in Malaysia, Singapore and Indonesia, with plans to expand into China and Vietnam, and has a 10 percent share of the instant coffee market in Malaysia. Creador will take a 10 percent stake in firm.