M&A Deal Summary

EQT Acquires PropertyGuru

On August 16, 2024, private equity firm EQT acquired internet software and services company PropertyGuru for 1.1B USD

Acquisition Highlights
  • This is EQT’s 20th transaction in the Internet Software and Services sector.
  • This is EQT’s 25th largest (disclosed) transaction.
  • This is EQT’s 6th transaction in Singapore.

M&A Deal Summary
Date 2024-08-16
Target PropertyGuru
Sector Internet Software and Services
Buyer(s) EQT
Deal Type Going Private
Deal Value 1.1B USD
Advisor(s) Moelis & Co. (Financial)
Freshfields Bruckhaus Deringer (Legal)

Target

PropertyGuru

Singapore, Singapore
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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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 308 of 312
Sector (Internet Software and Services) 20 of 20
Type (Going Private) 21 of 22
Country (Singapore) 6 of 6
Year (2024) 14 of 18
Size (of disclosed) 25 of 46
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-16 KJ Environment

South Korea

KJ Environment is a waste treatment platform.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 GeBBS Healthcare Solutions

Culver City, California, United States

GeBBS Healthcare Solutions (GeBBS) specializes in revenue cycle management, health information management (HIM), and medical billing services. The company offers services designed to help US-based healthcare providers, including hospitals, health systems, and physician practices, improve their financial performance by optimizing revenue cycle processes and ensuring accurate coding and billing practices. GeBBS Healthcare Solutions was founded in 2005 and is based in Culver City, California.

Buy -
Mergr

Product

Company

Legal