PropertyGuru Group Limited operates digital property classifieds marketplaces that connects homeowners and tenants with verified home service providers in Singapore, Vietnam, Malaysia, Thailand, and Indonesia. The company offers digital and marketing services for developers. It also offers data and sales process automation products. In addition, the company provides a range of data products and services for agents/agencies, property developers and valuers, and financial institution customers. It serves agents and developers to advertise residential and commercial properties for sale or rent to property seekers. PropertyGuru Group Limited was founded in 2007 and is based in Singapore. As of December 13, 2024, PropertyGuru Group Limited was taken private.
$1.1B Buyout Deal | PropertyGuru's acquisition by EQT Private Capital Asia at $1.1 billion marks a significant shift in the Southeast Asian real estate tech landscape |
Premium Valuation | Shareholders benefit from a 52% premium over recent trading prices, with the deal valued at an EV/2025E EBITDA multiple of approximately 31x |
Market Implications | Explore how PropertyGuru's privatization impacts the Southeast Asian real estate technology sector and removes a pure-play investment option |
Strategic Flexibility | Delve into the potential benefits of private ownership, including enhanced resources for expansion and technological innovation without public market pressures |