MG Group Acquired by Creador for Undisclosed Sum Amid 50% YoY Growth
MG Group, a thriving B2B hospitality marketplace, has been snapped up by Creador, a prominent Southeast Asia-based private equity firm. The acquisition, for an undisclosed sum, comes as MG Group has been riding a wave of success, boasting a 50% year-over-year growth rate in 2024. Brett Henry, the company's president director and CEO, sees this partnership as a game-changer for MG Group's global expansion.
MG Group's impressive trajectory has not gone unnoticed. Northstar Group, an early investor, praised the company's resilience during the COVID pandemic and its digital transformation. In 2016, Northstar Group initially invested in MG Group, which was then preparing for global entry. Today, MG Group's network spans an impressive 350,000 accommodation suppliers and 8,000 buyers.
Creador's founder and CEO, Brahmal Vasudevan, is bullish about MG Group's potential. He sees the company as well-positioned to lead the next wave of growth in the global B2B hospitality sector. The acquisition, he believes, sets MG Group up for significant global expansion.
The acquisition of MG Group by Creador is set to propel the B2B hospitality marketplace into the global spotlight. With a robust network and a proven track record of growth, MG Group is poised for further success under Creador's guidance. As the industry looks to the future, all eyes are on MG Group to lead the next wave of global growth.
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