EQT to acquire real estate platform PropertyGuru in $1.1b deal

Swedish investment firm EQT AB has plans to acquire PropertyGuru in an all-cash deal, valuing the Singapore-based online real estate platform at $1.1 billion, reported Reuters. 

PropertyGuru will be acquired by EQT Private Capital Asia, the Swedish private equity firm’s Asia-focused buyout fund. 

KKR and TPG each hold a 29.58 percent and 26.52 percent stake in the Singaporean firm and are its top two shareholders.