EQT completes PropertyGuru acquisition, seeks to strengthen its position in SEA proptech sector

Quick Summary:

On Friday, EQT Private Capital Asia and PropertyGuru Group Limited announced the completion of the acquisition of the property tech (proptech) company by BPEA Private Equity Fund VIII for US$6.70 per share in cash in a transaction that values PropertyGuru at an equity value of approximately US$1.1 billion.

According to a statement, following the merger through January 12, 2025, each unexercised and outstanding warrant will be, upon valid exercise, exchangeable for US$0.7526 per warrant.Hari V.

Following this move, PropertyGuru will operate as a privately held company.

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Article Details

Author / Journalist: Anisa Menur

Category: StartupsTechnology

Markets: Singapore

Topics: EQT Corporates PropertyGuru

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 06:10:41 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 451 words

Reading Time: 3 minutes read

Sentences: 1 lines

Sentence Length: 451 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © e27

News ID: 24426553

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