EQT Private Capital Asia is acquiring PropertyGuru Group Limited in an all-cash transaction.

Private equity groups KKR and TPG, which hold a combined 56% of PropertyGuru’s shares are selling their stake as part of this transaction.

JSA is representing EQT on this acquisition deal.

The transaction team consists of Vikram Raghani (Partner), Anand Lakra (Partner), Niharika Mepani (Partner), Jinay Shah (Senior Associate), Shreya Shinde (Associate), Diya Dave (Associate) and Ishan Saxena (Associate).

Sonakshi Das (Partner) advised on Employment aspects.

Riya Saraf(Associate) advised on Data Privacy aspects.

Khaitan & Co advised PropertyGuru Group on this transaction

The transaction team consisted of Rabindra Jhunjhunwala (Partner), Roshnek Dhalla (Counsel), Sweta Rao (Principal Associate) and Prerna Hegde (Associate) with assistance from the following:

Employment law related aspects: Deepak Kumar (Partner) and Archika Dudhwewala (Senior Associate).

Latham & Watkins LLP represents KKR and TPG in the transaction with a cross-border corporate deal team led by Singapore partner Sharon Lau and New York partner Ian Nussbaum, with Singapore associates Elisabeth Ong, Tommy Tan, and Jen Whee Lee, and Los Angeles associate Stanley Onyeador.

PropertyGuru Group Limited is Southeast Asia’s leading property technology company. 

Established in 2007 PropertyGuru provides online property search services in markets including Singapore, Malaysia, Vietnam, Indonesia, and Thailand.

PropertyGuru went public in New York in 2022 after a merger with Bridgetown 2 Holdings Ltd., a special purpose acquisition company backed by billionaires Richard Li and Peter Thiel.

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