Investment Summary

TPG and KKR Invest In PropertyGuru

On June 9, 2015, private equity firms TPG and KKR invested in internet software and services company PropertyGuru

Investment Highlights
  • This is TPG’s 12th and KKR’s 7th transaction in the Internet Software and Services sector.
  • This is TPG’s 2nd and KKR’s 5th transaction in Singapore.

Investment Summary

Date 2015-06-09
Target PropertyGuru
Sector Internet Software and Services
Investor(s) TPG
KKR
Deal Type Growth Capital

Target

PropertyGuru

Singapore, Singapore
website
PropertyGuru is an online property portal group focused on serving clients across Singapore, Malaysia, Indonesia, and Thailand. PropertyGuru was formed in 2006 and is based in Singapore.

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Investor(S) 2

Investor

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 250 of 401
Sector (Internet Software and Services) 12 of 29
Type (Growth Capital) 38 of 63
Country (Singapore) 2 of 4
Year (2015) 9 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-18 Par Pharmaceutical Companies

Woodcliff Lake, New Jersey, United States

Par Pharma specializes in developing, licensing, manufacturing, marketing and distributing generic drugs.

Sell $8.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-10 Evolent Health

Arlington, Virginia, United States

Evolent Health partners with major health systems to drive value-based care transformation. By providing clinical, analytical, and financial capabilities, Evolent helps physicians and systems achieve superior quality and cost results. Evolent Health was founded in 2011 and is based in Arlington, Virginia.

Sell -
Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 174 of 428
Sector (Internet Software and Services) 7 of 34
Type (Growth Capital) 23 of 63
Country (Singapore) 5 of 7
Year (2015) 11 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-08 Channel Control Merchants

Hattiesburg, Mississippi, United States

Channel Control Merchants is a deep value retailer and wholesaler of opportunistic secondary market inventories, with particular expertise in the purchase and resale of store-level inventories. Channel Control Merchants is based in Hattiesburg, Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-22 Tarena International

Beijing, China

Tarena International is a provider of professional education services in China. Through its innovative education platform combining live distance instruction, classroom-based tutoring and online learning modules. Tarena International was founded in 2002 and is based in Beijing, China.

Buy -