BDA Partners is pleased to announce that its clients, Northstar Group and other shareholders, have sold a controlling stake in MG Group to Creador, a leading private equity firm in S & SE Asia. BDA acted as the exclusive financial advisor to MG and its shareholders on the transaction. <\/p>\n\n\n\n
Founded in 2000, MG is Indonesia\u2019s leading B2B hospitality marketplace, with a growing footprint across SE Asia. Leveraging a scalable distribution technology platform, the company connects 8,000 global buyers with 350,000 accommodation suppliers, making it a critical player in the region\u2019s travel and hospitality ecosystem. With its proprietary MG Jarvis platform, the company has redefined hotel distribution by offering dynamic pricing, seamless connectivity, and a scalable, low-cost model. MG\u2019s achievements include a 50% y-o-y growth rate, partnerships with leading hotel chains across SE Asia, and recognition as a pioneer in the next generation of B2B hospitality technology.<\/p>\n\n\n\n
Brett Henry, President Director and CEO of MG, said, \u201cThis is a defining moment for MG Group. Partnering with Creador provides us with the resources and expertise to expand our footprint, strengthen our platform, and deliver greater value to our partners. Together, we will shape the future of B2B hospitality in SE Asia and beyond. I would like to thank Northstar for their steadfast support during the Covid pandemic years and for enabling MG Group\u2019s digital transformation, which laid the foundation for our current success.\u201d<\/p>\n\n\n\n
Jeff Acton, Partner and Head of Technology, BDA Partners, said, \u201cWe\u2019re proud to have supported this regional deal between two high-quality PE houses and we\u2019re excited about the robust Indonesian market, as well as the Travel Tech space.\u201d<\/p>\n\n\n\n
Andi Das, Managing Director and Head of Tech, SE Asia, BDA Partners, said, \u201cThis transaction marks a milestone in the fast-growing Asian Travel Tech space. MG Group, in partnership with Creador, is positioned to spearhead B2B hospitality in Asia. We\u2019re delighted to have advised Northstar and other shareholders on this transaction and congratulate MG and Creador on their partnership.\u201d<\/p>\n","protected":false},"featured_media":18042,"template":"","class_list":["post-18021","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n