Hong Kong-headquartered EQT Private Capital Asia has has reached an agreement to buy PropertyGuru Group PropertyGuru, a leading property technology company in Southeast Asia SEA, for $1.1 billion in cash.
Major shareholders of PropertyGuru are TPG through TPG Asia VI SF and TPG Asia VI SPV, in its capacity as general partner of TPG Asia VI Digs, which owns around 26.5%, and KKR through Epsilon Asia Holdings II which owns around 29.6% of the firm. Both have entered into voting and support agreements with the company and EQT Private Capital Asia in support of the deal.
PropertyGuru’s board...
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