{"id":794843,"date":"2024-12-13T10:55:01","date_gmt":"2024-12-13T15:55:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/eqt-completes-acquisition-of-propertyguru\/"},"modified":"2024-12-13T10:55:01","modified_gmt":"2024-12-13T15:55:01","slug":"eqt-completes-acquisition-of-propertyguru","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eqt-completes-acquisition-of-propertyguru\/","title":{"rendered":"EQT Completes Acquisition of PropertyGuru"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>EQT Completes Acquisition of PropertyGuru<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><i>PropertyGuru enters into next phase of growth as Southeast Asia\u2019s leading property technology platform, empowering millions of property seekers across the region with innovative solutions<\/i><\/li>\n<li><i>EQT to harness its deep expertise in scaling digital marketplace and classifieds businesses to drive technology innovation, operational excellence, and market expansion<\/i><\/li>\n<li><i>Sets the stage for PropertyGuru to capitalize on urbanization, middle-class growth, and digitalization trends across the region\u2019s dynamic real estate markets<\/i><\/li>\n<\/ul>\n<p>SINGAPORE &amp; NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nEQT Private Capital Asia and PropertyGuru Group Limited \u200b\u200b(NYSE: PGRU) (\u201cPropertyGuru\u201d or the \u201cCompany\u201d), Southeast Asia\u2019s leading<sup>1<\/sup> property technology (\u201cPropTech\u201d) company, are pleased to announce the completion of the acquisition (the \u201cMerger\u201d) of PropertyGuru by BPEA Private Equity Fund VIII for USD 6.70 per share in cash in a transaction that values PropertyGuru at an equity value of approximately USD 1.1 billion.<\/p>\n<p>\nIn connection with the closing, PropertyGuru\u2019s common shares ceased trading before the market open on December 13, 2024, and the Company has been delisted from the New York Stock Exchange. PropertyGuru will operate as a privately held company. Following the Merger through January 12, 2025, each unexercised and outstanding warrant will be, upon valid exercise, exchangeable for USD 0.7526 per warrant.<\/p>\n<p>\nFounded in 2007 and headquartered in Singapore, PropertyGuru is Southeast Asia\u2019s leading property technology platform, connecting over 31 million property seekers with more than 50,000 agents across Singapore, Malaysia, Thailand and Vietnam each month. With a comprehensive suite of offerings, including extensive real estate listings, data-driven insights, and mortgage solutions like PropertyGuru Finance and enterprise client solutions under PropertyGuru for Business, the Company empowers users to make confident property decisions across the region.<\/p>\n<p>\nEQT\u2019s investment in PropertyGuru aims to support the Company\u2019s ongoing progress by providing resources and expertise to accelerate technology development, expand market reach, and improve operational efficiency. Leveraging its experience with leaders in the digital marketplace and real estate classifieds sectors \u2013 including companies such as Idealista and Casa.it \u2013 EQT seeks to advance PropertyGuru\u2019s strategic initiatives, strengthen its position in Southeast Asia\u2019s PropTech sector, and drive growth in dynamic markets influenced by urbanization, middle-class expansion, and digitalization.<\/p>\n<p><b>Hari V. Krishnan, Chief Executive Officer, PropertyGuru Group<\/b>, said, \u201cWe are pleased to announce the successful completion of this transaction and we welcome EQT to PropertyGuru. Over the past seventeen years, our growth has been enabled by strong partnerships with our shareholders, led by TPG and KKR. On behalf of everyone at PropertyGuru, I want to thank them for their support and I am proud that we have delivered a solid financial exit for our long-term investors.\u201d<\/p>\n<p>\n\u201cOn behalf of our group leadership team, I thank our Gurus for their hard work and the wonderful business we have built together, and our customers and partners for their continued trust and partnership. EQT shares our commitment to our continued sustainable growth, and we look forward to working with them towards our Group\u2019s vision to power communities to live, work and thrive in tomorrow\u2019s cities,\u201d Mr. Krishnan added.<\/p>\n<p><b>Janice Leow, Partner in the EQT Private Capital Asia advisory team and Head of EQT Private Capital Southeast Asia<\/b>, said, \u201cPropertyGuru has redefined the property technology landscape in Southeast Asia, standing out for its innovation and leadership in delivering solutions that empower millions across the region. Drawing on EQT&#8217;s expertise in technology-driven businesses, with a strong focus on marketplace and classifieds platforms, we look forward to supporting PropertyGuru in exploring new opportunities, enhancing its offerings, and driving its next phase of growth while contributing to the evolution of the property market in Southeast Asia.\u201d<\/p>\n<p><b><span class=\"bwuline\">About PropertyGuru Group<\/span><\/b><\/p>\n<p>\nPropertyGuru is Southeast Asia\u2019s leading<sup>1<\/sup> PropTech company, and the preferred destination for over 31 million property seekers<sup>2<\/sup> to connect with over 50,000 agents<sup>3<\/sup> monthly to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings<sup>4<\/sup>, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand and Vietnam.<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.propertyguru.com.sg&amp;esheet=54166641&amp;newsitemid=20241213058211&amp;lan=en-US&amp;anchor=PropertyGuru.com.sg&amp;index=1&amp;md5=5355c0d25f5b4603d650fd6588ab7a13\">PropertyGuru.com.sg<\/a> was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 17 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.propertyguru.com.sg%2Fmortgage&amp;esheet=54166641&amp;newsitemid=20241213058211&amp;lan=en-US&amp;anchor=PropertyGuru+Finance&amp;index=2&amp;md5=167a7a46d060abff189c9223a82c52a8\">PropertyGuru Finance<\/a>; home services platform, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sendhelper.com%2F&amp;esheet=54166641&amp;newsitemid=20241213058211&amp;lan=en-US&amp;anchor=Sendhelper&amp;index=3&amp;md5=64ae1e2dabba28a6e15e63c5158b2551\">Sendhelper<\/a>; a host of proprietary enterprise solutions under <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.propertyguruforbusiness.com%2F&amp;esheet=54166641&amp;newsitemid=20241213058211&amp;lan=en-US&amp;anchor=PropertyGuru+For+Business&amp;index=4&amp;md5=21a87577f4b2a6ac84364a84b3380a9f\">PropertyGuru For Business<\/a> including <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.propertyguruforbusiness.com%2Fdatasense&amp;esheet=54166641&amp;newsitemid=20241213058211&amp;lan=en-US&amp;anchor=DataSense&amp;index=5&amp;md5=14703701b1b56da2a6fd496315745be9\">DataSense<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.propertyguruforbusiness.com%2Fvaluenet&amp;esheet=54166641&amp;newsitemid=20241213058211&amp;lan=en-US&amp;anchor=ValueNet&amp;index=6&amp;md5=602d77761e09e548cb5440568483fc7a\">ValueNet<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.asiapropertyawards.com%2Fen%2F&amp;esheet=54166641&amp;newsitemid=20241213058211&amp;lan=en-US&amp;anchor=Awards&amp;index=7&amp;md5=0524b20d9eec735ab959afbc946b402b\">Awards<\/a>, events and publications across Asia.<\/p>\n<p>\nFor more information, please visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.propertygurugroup.com%2F&amp;esheet=54166641&amp;newsitemid=20241213058211&amp;lan=en-US&amp;anchor=PropertyGuruGroup.com&amp;index=8&amp;md5=9240ad7f3f387f5aec0c804fadf3addd\">PropertyGuruGroup.com<\/a>; <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fpropertyguru%2F&amp;esheet=54166641&amp;newsitemid=20241213058211&amp;lan=en-US&amp;anchor=PropertyGuru+Group+on+LinkedIn&amp;index=9&amp;md5=fb91f5f1c850660b8e51d85a99950d45\">PropertyGuru Group on LinkedIn<\/a>.<\/p>\n<p><b><span class=\"bwuline\">About EQT<\/span><\/b><\/p>\n<p>\nEQT is a purpose-driven global investment organization with EUR 246 billion in total assets under management (EUR 134 billion in fee-generating assets under management), divided into two business segments: Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific, and the Americas and supports them in achieving sustainable growth, operational excellence, and market leadership.<\/p>\n<p>\nMore info: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.eqtgroup.com%2F&amp;esheet=54166641&amp;newsitemid=20241213058211&amp;lan=en-US&amp;anchor=www.eqtgroup.com&amp;index=10&amp;md5=603b669010a2aec331bfc45d6371c6d8\">www.eqtgroup.com<\/a><\/p>\n<p>\nFollow EQT on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2F508278&amp;esheet=54166641&amp;newsitemid=20241213058211&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=11&amp;md5=983df9a0340abca3a5205ed62e5fade2\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Feqt&amp;esheet=54166641&amp;newsitemid=20241213058211&amp;lan=en-US&amp;anchor=X&amp;index=12&amp;md5=4840bda7316cd2aa6d427239b6cc76fd\">X<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.youtube.com%2Fchannel%2FUCPkDSny24x66By2G2_B1Okw%2Ffeatured&amp;esheet=54166641&amp;newsitemid=20241213058211&amp;lan=en-US&amp;anchor=YouTube&amp;index=13&amp;md5=830fbf64141e5c820b63bbfae5d82ee6\">YouTube<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Feqtgroup%2F&amp;esheet=54166641&amp;newsitemid=20241213058211&amp;lan=en-US&amp;anchor=Instagram&amp;index=14&amp;md5=281f9fd6c4a88fc28a3b552a491bb826\">Instagram<\/a><\/p>\n<p>\n__________________________<br \/>\n<br \/><sup>1<\/sup> Based on SimilarWeb data between January 2024 and June 2024.<br \/>\n<br \/><sup>2<\/sup> Based on Google Analytics data between January 2024 and June 2024.<br \/>\n<br \/><sup>3<\/sup> Based on data between April 2024 and June 2024.<br \/>\n<br \/><sup>4<\/sup> Based on data between January 2024 and June 2024.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241213058211r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241213058211\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241213058211\/en\/<\/a><\/span><\/p>\n<p><b><span class=\"bwuline\">Media<\/span>:<br \/>\n<\/b><br \/>PropertyGuru Group<br \/>\n<br \/>Corporate Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:mediaenquiry@propertyguru.com.sg\">mediaenquiry@propertyguru.com.sg<\/a><\/p>\n<p>\nEQT<br \/>\n<br \/>EQT Press Office<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:press@eqtpartners.com\">press@eqtpartners.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York North America United States Asia Pacific Singapore Southeast Asia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Data Management Technology Residential Building &amp; Real Estate Software Finance Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241213058211\/en\/2331717\/3\/PG_Group_Masterbrand_Vertical_Logo_Full_Colour_%282%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>EQT Completes Acquisition of PropertyGuru PropertyGuru enters into next phase of growth as Southeast Asia\u2019s leading property technology platform, empowering millions of property seekers across the region with innovative solutions EQT to harness its deep expertise in scaling digital marketplace and classifieds businesses to drive technology innovation, operational excellence, and market expansion Sets the stage for PropertyGuru to capitalize on urbanization, middle-class growth, and digitalization trends across the region\u2019s dynamic real estate markets SINGAPORE &amp; NEW YORK&#8211;(BUSINESS WIRE)&#8211; EQT Private Capital Asia and PropertyGuru Group Limited \u200b\u200b(NYSE: PGRU) (\u201cPropertyGuru\u201d or the \u201cCompany\u201d), Southeast Asia\u2019s leading1 property technology (\u201cPropTech\u201d) company, are pleased to announce the completion of the acquisition (the \u201cMerger\u201d) of PropertyGuru by BPEA Private Equity Fund VIII for USD &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eqt-completes-acquisition-of-propertyguru\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EQT Completes Acquisition of PropertyGuru&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-794843","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EQT Completes Acquisition of PropertyGuru - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eqt-completes-acquisition-of-propertyguru\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EQT Completes Acquisition of PropertyGuru - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"EQT Completes Acquisition of PropertyGuru PropertyGuru enters into next phase of growth as Southeast Asia\u2019s leading property technology platform, empowering millions of property seekers across the region with innovative solutions EQT to harness its deep expertise in scaling digital marketplace and classifieds businesses to drive technology innovation, operational excellence, and market expansion Sets the stage for PropertyGuru to capitalize on urbanization, middle-class growth, and digitalization trends across the region\u2019s dynamic real estate markets SINGAPORE &amp; NEW YORK&#8211;(BUSINESS WIRE)&#8211; EQT Private Capital Asia and PropertyGuru Group Limited \u200b\u200b(NYSE: PGRU) (\u201cPropertyGuru\u201d or the \u201cCompany\u201d), Southeast Asia\u2019s leading1 property technology (\u201cPropTech\u201d) company, are pleased to announce the completion of the acquisition (the \u201cMerger\u201d) of PropertyGuru by BPEA Private Equity Fund VIII for USD &hellip; Continue reading &quot;EQT Completes Acquisition of PropertyGuru&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/eqt-completes-acquisition-of-propertyguru\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-13T15:55:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241213058211r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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growth, and digitalization trends across the region\u2019s dynamic real estate markets SINGAPORE &amp; NEW YORK&#8211;(BUSINESS WIRE)&#8211; EQT Private Capital Asia and PropertyGuru Group Limited \u200b\u200b(NYSE: PGRU) (\u201cPropertyGuru\u201d or the \u201cCompany\u201d), Southeast Asia\u2019s leading1 property technology (\u201cPropTech\u201d) company, are pleased to announce the completion of the acquisition (the \u201cMerger\u201d) of PropertyGuru by BPEA Private Equity Fund VIII for USD &hellip; Continue reading \"EQT Completes Acquisition of PropertyGuru\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/eqt-completes-acquisition-of-propertyguru\/","og_site_name":"Market 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