The firm’s website claims the company is the largest Asian restaurant chain in Malaysia and a leader in the coffee segment.
Creador made the investment through its maiden fund, which is targeting $350m, and plans further deals in growth-oriented businesses across Indonesia, India and Malaysia.
The firm said OldTown was well positioned to expand OldTown’s 200-plus outlets in Malaysia, Singapore, Indonesia and China, and has set its sights on growth in the latter and expansions into Vietnam.
OldTown was founded in 1999, and launched its Malaysian-style cuisine restaurant business in 2005.
Creador founder and CEO Brahmal Vasudevan was previously a member of the senior management at $2bn investment firm ChrysCapital.
Other managing directors at Creador include Anand Narayan, a former director at Indian investment bank Veda Corporate Advisors, and Jeyabalan Parasingam, previously of the Jakarta Stock Exchange.
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