PropertyGuru Acquired by EQT for $1.1B
Deal News | Dec 14, 2024 | Aim Group
EQT Private Capital Asia has successfully completed its acquisition of PropertyGuru, a real estate marketplace company based in Singapore, for $1.1 billion at a rate of $6.7 per share in cash. This purchase was initially made public in August and signifies a major investment by EQT in the Southeast Asian real estate technology sector. The acquisition underscores EQT's commitment to expanding its portfolio with prominent digital platforms, effectively integrating PropertyGuru's resources and market position in the region. The move is seen as a strategic alignment with EQT's interest in supporting tech-centric, high-growth potential industries.
Sectors
- Private Equity
- Real Estate Technology
Geography
- Singapore – PropertyGuru, the target company, is based in Singapore and serves as a major player in the region's real estate technology market.
- Asia – EQT Private Capital Asia is involved in this acquisition, focusing on investments across the Asian continent.
Industry
- Private Equity – EQT Private Capital Asia, a major private equity firm, is the acquirer of PropertyGuru.
- Real Estate Technology – PropertyGuru operates as a digital real estate marketplace, representing the intersection of real estate and technology sectors.
Financials
- 1.1 billion USD – The total valuation of the acquisition deal for PropertyGuru.
- 6.7 USD – The per share cash price paid by EQT for PropertyGuru.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PropertyGuru | Target company | Company | A Singapore-based digital real estate marketplace. |
| EQT Private Capital Asia | Acquirer | Company | A division of EQT focusing on private equity investments in Asia. |