KUALA LUMPUR, June 10 Private equity firm Creador Sdn Bhd is acquiring a 30 per cent stake in Loob Holding Sdn Bhd, which owns the Tealive bubble tea brand. In a statement today, Creador founder and chief executive officer (CEO) Brahmal Vasudevan said the firm chose Loob to be its first.
The Edge has learnt that Loob Holding Sdn Bhd the holding company of bubble tea brand Tealive has sold a strategic stake of 30% to private equity (PE) firm Creador. According to sources, the price was in the RM260 million range.
PETALING JAYA: Private equity firm Creador has agreed to take a 30% stake in Loob Holding Sdn Bhd, the owner of Tealive. In a joint statement, both co.
Editor’s take: The week that was May 3-8
May 9, 2021
As I curate the list of significant developments that unfolded this week, I’ll begin with the fundraising activity in Southeast Asia. While the number of firms or GPs raising capital has been a tad lower when compared to the other weeks, their commitment goes on to signal how LPs or funds-of-funds are increasingly betting big on prominent themes, keeping consumer trends and the long-term growth story in mind.
Temasek-backed Big Idea Ventureshit the $50 million final close of its debut alternative protein fund after raising capital from investors such as Le Groupe Bel, the French cheese manufacturer and distributor behind The Laughing Cow; AAK, a Sweden-based global producer of vegetable oil and fats; and Meiji Co, a Japanese food company.
tech
HealthMetrics And Lapasar Pass Endeavor Malaysia s First Local Selection Panel For 2021
The Local Selection Panel is an inaugural event of 2021, during which companies present their businesses to a panel of Endeavor mentors.
By Gowri Chitra â 30 Apr 2021, 03:38 PM
Subscribe to our
channel for our latest stories and breaking news.
High-impact tech scaleups HealthMetrics and Lapasar have successfully passed Endeavor Malaysiaâs First Local Selection Panel for 2021, which was held recently
Established in 1997, Endeavor is leading the global high-impact entrepreneurship movement to drive economic growth and job creation by selecting, mentoring, and accelerating the best high-impact entrepreneurs around the world.
Since launching its operations in Malaysia, Endeavor actively supports 45 companies, collectively generating RM1.4 billion in revenues and 20,000+ in jobs since selection.