Director at Caproasia | Capital Markets, Investments, Private Wealth & Family Office for Institutions, Billionaires, UHNWs & HNWs in APAC (Events, Roundtables, Summits, Research, Data, Media, Marketplace, Platforms)
Europe leading private equity firm EQT with $270 billion AUM has announced to merge Southeast Asia property platform PropertyGuru Group for $1.1 billion into BPEA Private Equity Fund VIII at $6.70 per share, representing a 52% premium to closing share price on 21st May 2024. PropertyGuru will delist from New York Stock Exchange (NYSE) after the merger. Read - https://lnkd.in/gW_giqBs follow Caproasia | Driving the future of Asia Europe leading private equity firm EQT with $270 billion AUM has announced to merge Southeast Asia property platform PropertyGuru Group for $1.1 billion into BPEA Private Equity Fund VIII at $6.70 per share, representing a 52% premium to closing share price on 21st May 2024. PropertyGuru will delist from New York Stock Exchange (NYSE) after the merger. Hari V Krishnan, CEO & MD, PropertyGuru Group: “We are pleased to embark on this new chapter with EQT. This partnership follows years of transformative growth, supported by TPG and KKR, which has established us as Southeast Asia’s leading PropTech platform. As we continue to innovate and deliver value to our consumers, customers, and stakeholders across the region, EQT’s global expertise in building marketplaces and commitment to sustainable growth will further strengthen our vision to power communities to live, work, and thrive in tomorrow’s cities.” Janice Leow, Partner in the EQT Private Capital Asia advisory team and Head of EQT Private Capital Southeast Asia: “PropertyGuru has firmly established itself as the leading property marketplace platform in Southeast Asia, and we are deeply impressed by the strong foundation it has built over the past 17 years as well as with its talented team. We believe our offer provides shareholders with compelling value and certainty, while strategically positioning PropertyGuru to fully harness its long-term growth potential. With EQT’s significant experience in the technology, online classifieds and marketplace sectors, we aim to further strengthen PropertyGuru’s platform, driving enhanced innovation and deeper engagement with its consumers, customers and stakeholders.” EQT Group