Creador’s water scarcity play
The purchase of a minority stake in Vectus Industries, an Indian manufacturer of plastic water tanks and pipes, takes Creador’s tally to $100 million across five deals so far this year. Each investment came from the Southeast Asia and India-focused GP’s second fund, which will close in August on or above its $250 million target.
India accounts for two of these transactions - Vectus and Somany Ceramics - and they follow a broadly similar thesis, capitalizing on urbanization and rising household incomes. While Somany is considered...
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