M&A Deal Summary

EQT Private Capital Asia Acquires PropertyGuru

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

Acquisition Highlights
  • This is EQT Private Capital Asia’s 3rd transaction in the Internet Software and Services sector.
  • This is EQT Private Capital Asia’s 13th largest (disclosed) transaction.
  • This is EQT Private Capital Asia’s 3rd transaction in Singapore.

M&A Deal Summary

Date 2024-08-16
Target PropertyGuru
Sector Internet Software and Services
Buyer(s) EQT Private Capital Asia
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 Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 67 of 69
Sector (Internet Software and Services) 3 of 4
Type (Going Private) 11 of 11
Country (Singapore) 3 of 3
Year (2024) 4 of 6
Size (of disclosed) 13 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 Keywords Studios

Dublin, Ireland

Keywords Studios is an international technical services provider to the global video games industry. The company provides integrated art creation, localization, testing, audio, and customer care services across 50 languages and 14 game platforms to a blue-chip client base in more than 15 countries. Keywords Studios was founded in 1998 and is based in Dublin, Ireland.

Buy £2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 GeBBS

Culver City, California, United States

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 was founded in 2005 and is based in Culver City, California.

Buy -