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Creador acquires majority stake in ID hospitality marketplace
Creador, a private equity firm focused on South and Southeast Asia, has acquired a majority stake in MG Group, an Indonesia-based B2B hospitality marketplace.
The stake was purchased from Northstar and other existing shareholders, marking Creador’s eleventh investment in Indonesia since 2011.
Founded in 2000, MG Group connects over 8,000 global accommodation buyers with more than 350,000 accommodation suppliers.
The financial details of the transaction have not been disclosed by the firms involved.
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