KUALA LUMPUR: Private equity fund Creador is taking a 30% stake in Loob Holdings Sdn Bhd, which is the owner of top regional lifestyle tea brand Tealive, for an undisclosed amount due to its impressive revenue and net income.
In a joint statement yesterday, both companies said they were confident the strategic partnership would take Loob to the next level, especially given Creador’s track record in aiding its investee companies with regional growth.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!