PropertyGuru Group (PGRU) has released an update.
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PropertyGuru Group, a leading Southeast Asian property technology firm, has agreed to be acquired by EQT Private Capital Asia for USD 1.1 billion, with the transaction expected to close between Q4 2024 and Q1 2025. The acquisition will take PropertyGuru private at a substantial premium, with major shareholders TPG and KKR supporting the merger, which will see PropertyGuru continue to innovate and grow under the new ownership. The merger aims to leverage EQT’s experience to further strengthen PropertyGuru’s position and offerings in the property marketplace sector.
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