Glazer Capital Invests $15.6M in PropertyGuru
Deal News | Dec 04, 2024 | Aim Group
Glazer Capital LLC, a hedge fund based in New York City, has acquired a 1.4% stake in PropertyGuru Group Limited, a leading real estate marketplace operator based in Singapore. The investment, amounting to $15.6 million for 2,358,558 shares, was disclosed in a recent regulatory filing. PropertyGuru Group is well-known in Asia for providing real estate search platforms across several countries, offering essential tools for property searches, and connecting buyers and sellers. This acquisition marks another strategic investment by Glazer Capital as it expands its portfolio into international digital real estate ventures.
Sectors
- Real Estate
- Financial Services
- Technology
Geography
- Singapore – PropertyGuru Group Limited is based in Singapore, which is significant as the target company's geographic location.
- United States – Glazer Capital LLC is based in New York City, highlighting the involvement of a U.S.-based hedge fund in the transaction.
Industry
- Real Estate – The article involves PropertyGuru, a real estate marketplace operator, indicating a focus on the real estate industry.
- Financial Services – Glazer Capital is a hedge fund, placing this transaction within the financial services sector which involves fund management and investments.
- Technology – PropertyGuru operates digital real estate platforms, signifying the integration of technology in the real estate industry.
Financials
- $15.6 million – The total investment made by Glazer Capital LLC for a 1.4% stake in PropertyGuru Group Limited.
- 2,358,558 shares – The number of shares acquired by Glazer Capital LLC in PropertyGuru Group Limited.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Glazer Capital LLC | Investor | Company | A hedge fund based in New York City, known for strategic investments in various sectors. |
| PropertyGuru Group Limited | Target Company | Company | A leading real estate marketplace operator based in Singapore, offering digital tools for property search across Asia. |