EQT Private Capital Asia agrees $1.1bn deal for PropertyGroup Guru; EQT buys Korean recycler, seeks $12.5bn fundraise

The deal is expected to close by the end of Q1 2025 with its shares to stop trading on the NYSE; majority shareholders TPG and KKR have approved the deal. EQT has also bought a Korean plastic recycler and is looking to raise $12.5bn for a fund.

Andrew Tjaardstra

August 19, 2024

Hong Kong-headquartered EQT Private Capital Asia has has reached an agreement to buy PropertyGuru Group (PropertyGuru), a leading property technology company in Southeast Asia (SEA), for $1.1 billion in cash.

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