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
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 (紐交所:PGRU)股價上漲，因公司宣佈與EQt Ab的BPEA Private Equity Fund VIII有限公司附屬機構達成合並協議，以全部現金交易的形式進行，交易價值約11億美元。
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.
根據協議條款，每個PropertyGuru普通股都將被註銷並轉換爲每股6.70美元的現金支付，不包括特定股份，無利息。
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.
併購估值高達PropertyGuru股票2024年5月21日收盤價的52%溢價，這是媒體對潛在交易進行猜測之前的最後一個交易日。
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.
持有優先股的主要股東TPG和KKR & Co. Inc. (NYSE:KKR)持有卓越股份的56%，已簽署了支持併購的投票和支持協議。
Related: PropertyGuru Takeover On The Horizon? KKR And TPG Reportedly Explore Buyout
相關：PropertyGuru收購在即？KKR和TPG據說在探索收購
PropertyGuru's Board of Directors, advised by a special committee, has unanimously approved the merger agreement and is recommending it to shareholders.
PropertyGuru的董事會經特別委員會建議一致批准並推薦併購協議給股東。
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，前提是獲得股東和監管機構的批准。
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將私有化，其股票將從紐交所退市，公司總部將繼續駐紮新加坡。
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集團CEO兼董事總經理Hari V. Krishnan表示：「我們很高興與EQt一起開啓這個新篇章。這個合作伙伴關係是我們在TPG和KKR的支持下，經過多年的變革性增長，建立了東南亞領先的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報告了第一季度的營收增長12%對年，達到3650萬新元，低於預期的3730萬新元和每股虧損0.04新元，高於本季度虧損的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：截至上週五最後一次覈查，PGRU股票在盤前交易中上漲5.59%，報6.61美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
Photo via Shutterstock
圖片來自shutterstock。
- Candy Craze: Investment Giants Reportedly Battle For Southeast Asian Jelly Candy Maker Yupi Indo
- 投資巨頭據稱爭奪東南亞果凍糖果製造商Yupi Indo