---
title: "EQT completes acquisition of PropertyGuru"
description: "EQT has successfully acquired PropertyGuru for $1.4 billion, marking a 52% premium over its closing share price on May 21. PropertyGuru's shares ceased trading on December 13 and the company is now pr"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/222395466.md"
published_at: "2024-12-16T04:36:12.000Z"
---

# EQT completes acquisition of PropertyGuru

> EQT has successfully acquired PropertyGuru for $1.4 billion, marking a 52% premium over its closing share price on May 21. PropertyGuru's shares ceased trading on December 13 and the company is now privately held. EQT aims to enhance PropertyGuru's strategic initiatives and strengthen its position in Southeast Asia's PropTech sector, focusing on growth driven by urbanization and digitalization. EQT's expertise will support PropertyGuru in exploring new opportunities and evolving the property market in the region.

**PropertyGuru will now operate as a privately held company.**

EQT has completed the acquisition of PropertyGuru for $1.4b (US$1.1b) through BPEA Private Equity Fund VIII.

The merger consideration represents a 52% premium to PropertyGuru’s closing share price on 21 May, as well as a 75% and 86% premium to the company’s 30-day and 90-day volume-weighted average share prices, respectively, for the period ending 21 May.

PropertyGuru’s common shares ceased trading before the market opened on 13 December, and the company has been delisted from the New York Stock Exchange. PropertyGuru will operate as a privately held company.

EQT will advance PropertyGuru’s strategic initiatives, strengthen its position in Southeast Asia’s PropTech sector, and drive growth in dynamic markets influenced by urbanisation, middle-class expansion, and digitalisation.

“Drawing on EQT's expertise in technology-driven businesses, with a strong focus on marketplace and classifieds platforms, we look forward to supporting PropertyGuru in exploring new opportunities, enhancing its offerings, and driving its next phase of growth while contributing to the evolution of the property market in Southeast Asia,” Janice Leow, partner in the EQT Private Capital Asia advisory team and head of EQT Private Capital Southeast Asia said.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.