Brahmal Vasudevan’s Creador Capital Group has raised RM9.77 billion since its inception in 2011 and invested about RM9.09 billion in various companies in Malaysia and India.
“Eco-Shop does sales of close to RM2.2 billion a year, with profits well north of RM100 million, so that should be a good listing,” Brahmal said in an interview at his office in Kuala Lumpur. “We have a lot of captive capital, valuation multiples are good and there’s high demand from our local institutions.
The consolidation of Caring Pharmacy and Creador-backed Big Pharmacy will take a year, after Big Pharmacy bought Caring for RM637.5 million last month.
Source: News Formal (newsformal.com)
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