PE Firm Creador to invest one-fifth of upcoming US$500 million fund in Vietnam

Creador

Creador

20/2/2018 – Creador, a private equity firm with investments in the South and Southeast Asia region is looking to invest up to 20 percent of its upcoming fund in Vietnam over the next 3 years, in addition to opening its first office in the country by June this year.

“We are impressed by the strong, sustained high growth levels and the entrepreneurial spirit of the Vietnamese people,” explained Brahmal Vasudevan, the founder and CEO of Creador. “We see similarities with the success of China and India which makes us believe that Vietnam will be the next BRIC nation.”

The PE firm made its first investment in Vietnam this year by injecting US$43.8 million into the country’s largest mobile device and consumer electronics retailer, Mobile World (MWG). It also expects to secure another deal in Vietnam later this year.

At present, Creador has exhausted 85 percent of its Creador III fund raised in 2017, having made investments in India’s Paras Healthcare and Ujjivan Financial Services Ltd as well as Malaysia’s Bake with Yen.

Creador is currently in works of raising Creador IV, a US$500 million fund and expects its first close by June this year. Limited partners in the latest vehicle include family offices, pension funds, endowments, and fund of funds.

“Although we are raising slightly more capital this time, US$500 million versus US$415 million in Creador III, the size is not substantially larger in dollar amounts and will still allow us to focus on deals in our sweet spot,” Vasudevan added.

Launched in 2011 by Vasudevan, Creador is headquartered in Kuala Lumpur. The PE firm focuses on long-term investments for growth-oriented businesses in India, Malaysia, Sri Lanka, Singapore, Indonesia, Vietnam, and the Philippines.

Since its inception, the private equity firm has raised close to US$900 million in investor commitments across three PE funds. So far, the firm has investments in various industries including financial services, consumer durables, retail, F&B, pharmaceutical, healthcare, media, and business services.

SGX-listed recruitment platform makes first startup investment in Glints

Glints

Glints

13/2/12018 – HRnetGroup Limited, a publicly-listed traditional recruitment company based in Singapore has made its first investment in a technology startup Glints, a job platform that is focused on young professionals and graduates.

The investment is worth S$500 000, in which Glints will use to grow its networks of professionals across Asia. This also brings Glints total funding to over S$4 million, which translates to about US$3 million.

Founded in August 2013, Glints is a job platform that focuses on young professionals and this strategic investment will help HRnetGroup, a more traditional recruitment company to stay ahead in the industry.

Specifically, HRnetGroup said the deal will give the company a deeper access to the fast-growing Indonesian market which sees over 2 million young Indonesians entering the workforce annually.

Glints claims to have 300,000 users across Singapore and Indonesia, with two-thirds of its registered users based in Indonesia. Meanwhile, the startup also has 10,000 registered companies looking for hire.

“The outreach that Glints has with this fast-growing segment, together with its signature brand value, complements HRnetGroup’s focus on dominance across the HR spectrum,” said the Executive Director & Chief Legal Officer of HRnetGroup, Adeline Sim.

HRnetGroup raised S$175 million (about US$132 million) in June 2017 via its IPO on the Singapore Exchange Board. In 2016, the company raised US$276 in revenue.

Commenting on the deal, Glints CEO Oswald Yeo said, “With their network and operational expertise across 10 Asian cities, they can help Glints grow into a major player among the graduate and young professionals recruitment space in the region.”