Singapore's PropertyGuru Agrees To Be Taken Private By EQT AB In $1.1B Deal: Details
Singapore's PropertyGuru Agrees To Be Taken Private By EQT AB In $1.1B Deal: Details
Major shareholders TPG and PropertyGuru Group Limited (NYSE:PGRU) shares are trading higher after the company announced a merger agreement with affiliates of BPEA Private Equity Fund VIII Limited, part of EQT AB, in an all-cash transaction valued at about $1.1 billion.
PropertyGuru Group Limited (纽交所:PGRU)股价上涨，因公司宣布与EQt Ab的BPEA Private Equity Fund VIII有限公司附属机构达成合并协议，以全部现金交易的形式进行，交易价值约11亿美元。
Under the terms, each PropertyGuru ordinary share will be canceled and converted into a cash payment of $6.70 per share, excluding certain shares, with no interest.
根据协议条款，每个PropertyGuru普通股都将被注销并转换为每股6.70美元的现金支付，不包括特定股份，无利息。
The merger values PropertyGuru at a 52% premium over its May 21, 2024 closing price, the last unaffected trading day before media speculation regarding a potential transaction.
并购估值高达PropertyGuru股票2024年5月21日收盘价的52%溢价，这是媒体对潜在交易进行猜测之前的最后一个交易日。
Major shareholders TPG and KKR & Co. Inc. (NYSE:KKR), which hold a combined 56% ownership of outstanding ordinary shares, have entered into voting and support agreements supporting the merger.
持有优先股的主要股东TPG和KKR & Co. Inc. (NYSE:KKR)持有卓越股份的56%，已签署了支持并购的投票和支持协议。
Related: PropertyGuru Takeover On The Horizon? KKR And TPG Reportedly Explore Buyout
相关：PropertyGuru收购在即？KKR和TPG据说在探索收购
PropertyGuru's Board of Directors, advised by a special committee, has unanimously approved the merger agreement and is recommending it to shareholders.
PropertyGuru的董事会经特别委员会建议一致批准并推荐并购协议给股东。
The transaction is set to close in the fourth quarter of 2024 or the first quarter of 2025, pending shareholder and regulatory approvals.
交易有望在2024年第四季度或2025年第一季度完成，前提是获得股东和监管机构的批准。
Once completed, PropertyGuru will go private, its shares will be delisted from the NYSE, and the company's headquarters will remain in Singapore.
一旦完成，PropertyGuru将私有化，其股票将从纽交所退市，公司总部将继续驻扎新加坡。
Hari V. Krishnan, CEO & MD, PropertyGuru Group, said, "We are pleased to embark on this new chapter with EQT. This partnership follows years of transformative growth, supported by TPG and KKR, which has established us as Southeast Asia's leading PropTech platform."
PropertyGuru集团CEO兼董事总经理Hari V. Krishnan表示：“我们很高兴与EQt一起开启这个新篇章。这个合作伙伴关系是我们在TPG和KKR的支持下，经过多年的变革性增长，建立了东南亚领先的PropTech平台。”
In May, PropertyGuru reported first-quarter revenue growth of 12% Y/Y to S$36.5 million, missing the consensus of S$37.3 million and EPS loss of S$0.04 was higher than loss of S$0.06 in the quarter.
今年5月，PropertyGuru报告了第一季度的营收增长12%对年，达到3650万新元，低于预期的3730万新元和每股亏损0.04新元，高于本季度亏损的0.06新元。
Price Action: PGRU shares are up 5.59% at $6.61 premarket at the last check Friday.
股票行情：截至上周五最后一次核查，PGRU股票在盘前交易中上涨5.59%，报6.61美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
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