New year, new acquisition! Private equity firm Creador announced that they’ve acquired a controlling stake in the Indonesian B2B hospitality marketplace MG Group last week!

• They got the stake from Northstar and other stakeholders. 

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🪪 More about Creador

Hailing from Malaysia, Creador partners with businesses across SEA and India. The firm has raised $3.1B from global investors. 

They have been active in Indonesia since 2011, investing in over ten companies so far!

• Who are they? Mr. D.I.Y. Indonesia, Hermina Hospitals, Cimory, BFI Finance, and more.

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🏖️ Who is MG Group? 

Founded in 2000, this tech platform connects over 8K global accommodation buyers with over 350K accommodation suppliers. 

• Their proprietary MG Jarvis platform offers brands dynamic pricing, seamless connectivity, and a scalable, low-cost model. 

Who’s using their tech? Top hospitality brands like Accor, Marriot, and Radisson, as well as hospitality startups like Zuzu Hospitality and Radiant1.