PE firm Creador takes 13 per cent stake in FPT Long Chau

As reported by The Edge Malaysia, this marks Long Chau’s first-ever fundraising round and Creador’s second investment in Vietnam.

Long Chau has shown remarkable growth by scaling its chain from four stores in 2017 to more than 2,000 pharmacies and over 140 vaccination centres nationwide. Long Chau is the only profitable national pharmacy business with branches in all 63 provinces.

Long Chau's rapid development has been fuelled by a visionary management team with extensive retail experience. The pharmacy chain has gained customer trust thanks to a diverse portfolio of quality products at a competitive edge. This gives Long Chau a competitive edge in the market, which is dominated by traditional pharmacies.

This is Creador's 59th investment overall and its second investment in Southeast Asia's pharmaceutical retail industry. The investment in Long Chau underscores Creador's commitment to Vietnam's fast-growing healthcare market.

“Very few businesses achieve what Long Chau has - national scale, brand trust, and deep community presence,” Creador CEO and founder Brahmal Vasudevan said.

“Long Chau stands at the forefront of making healthcare accessible and affordable for all. We are proud to support this mission and be part of Long Chau’s continued impact and growth."

Nguyen Bach Diep, chairperson of FPT Retail and general director of Long Chau Investment said, “This partnership not only provides Long Chau with additional resources, but also offers an opportunity to gain international experience, enhance the quality of our products and services in a transparent and sustainable way, and contribute to improving public health in Vietnam.

Creador is a leading private equity firm dedicated to partnering with growth-oriented businesses in Southeast Asia and India, aiming to enhance their operational efficiency and market reach.

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