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Creador buys 30pc stake in Tealive’s parent company Loob Holding | Malay Mail

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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...

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.

“Loob’s impressive revenue of RM307 million and net income of RM58 million for the financial year 2020 translated into a three-year compound annual growth rate of 56 per cent in revenue and 180 per cent in net income,” he said. “The made-to-order tea market in Malaysia has been growing over 20 per cent in the last few years and the beverage chain per million population remains under-penetrated when compared with peers in the region and developed countries,” he added.

 

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