PropertyGuru enters into definitive merger agreement to be acquired by EQT Private Capital Asia for US$ 1.1 bilUpon completion, PropertyGuru will go private and delist from the NYSEPropertyGuru Group Limited, Southeast Asia’s leading property technology company, has announced its agreement to merge with affiliates of BPEA Private Equity Fund VIII Limited , part of EQT AB, a global investment organisation. The all-cash transaction values PropertyGuru at approximately US$1.1 billion .
Major shareholders, including TPG Asia VI SF Pte. Ltd., TPG Asia VI SPV GP LLC, and Epsilon Asia Holdings II Pte. Ltd. , who collectively hold 56% of the outstanding ordinary shares, have entered into voting and support agreements in favour of the merger., CEO & MD, PropertyGuru Group, said, “We are pleased to embark on this new chapter with EQT.