PropertyGuru Enters into Definitive Merger Agreement to be Acquired by EQT Private Capital Asia

Dear Agent Partner,

Last week, PropertyGuru Group announced that we have signed a definitive merger agreement to be acquired by EQT Private Capital Asia, a purpose-driven global investment organisation.  Upon completion, PropertyGuru will be fully acquired by EQT in an all-cash transaction that values PropertyGuru at an equity value of approximately USD 1.1 billion.

PropertyGuru’s leading market position, innovative products, and growth potential in Southeast Asia have made it an attractive investment for EQT. We chose them for their deep expertise in scaling companies and alignment with our vision for long-term growth and innovation in Southeast Asia. We are delighted to embark on this new chapter with EQT.

We wanted to take this opportunity to thank you for your partnership and continued trust in us to deliver value to your business. PropertyGuru’s commitment to Southeast Asia remains strong, and with EQT’s support, we expect to enhance our market presence and capabilities in the region to better serve you.

This is an exciting phase for PropertyGuru, and we will update you on the closure of this agreement. Our focus remains on delivering high-quality solutions that meet your evolving needs. Please be assured of our continued service to you; it is business as usual.

To learn more about this, click here. Please contact us if you have any questions.

Thank you,

Kenneth Soh
Country Manager, PropertyGuru & iProperty Malaysia