PropertyGuru Enters Into Definitive Merger for USD 1.1 Billion
PropertyGuru Enters Into Definitive Merger for USD 1.1 Billion
Southeast Asia's leading property technology company, today announced that it has entered into an agreement and plan of merger with affiliates of BPEA Private Equity Fund VIII Limited ("EQT Private Capital Asia").
東南亞領先房地產科技公司今天宣佈，已經與BPEA Private Equity Fund VIII Limited（「EQt Private Capital Asia」）的附屬公司簽訂了一份合併協議和計劃。
Under the terms of the Merger Agreement, at the effective time of the Merger, each ordinary share of the Company issued and outstanding immediately prior to the effective time (other than certain excluded shares) will be cancelled and converted automatically into the right to receive an amount in cash equal to USD 6.70 per share, without interest.
根據合併協議的條款，在合併生效時，公司的每個已發行和流通股份（除了某些排除的股份）將被取消並自動轉換爲權利，以每股6.70美元的現金金額進行換股，不含利息。
Janice Leow, Partner in the EQT Private Capital Asia advisory team and Head of EQT Private Capital Southeast Asia, said, "PropertyGuru has firmly established itself as the leading property marketplace platform in Southeast Asia, and we are deeply impressed by the strong foundation it has built over the past 17 years as well as with its talented team. We believe our offer provides shareholders with compelling value and certainty, while strategically positioning PropertyGuru to fully harness its long-term growth potential. With EQT's significant experience in the technology, online classifieds and marketplace sectors, we aim to further strengthen PropertyGuru's platform, driving enhanced innovation and deeper engagement with its consumers, customers and stakeholders."
EQt Private Capital Asia諮詢團隊合夥人，EQt Private Capital Southeast Asia 總負責人Janice Leow 表示:「PropertyGuru已經穩固地建立爲東南亞領先的房地產市場平台，並且我們對它過去17年建立的良好基礎及其才華橫溢的團隊印象深刻。我們相信我們的報價可以爲股東提供具有吸引力和確定性的價值，同時戰略性地定位PropertyGuru以充分利用其長期增長潛力。憑藉EQT在科技、在線分類信息和市場領域的豐富經驗，我們的目標是進一步加強PropertyGuru的平台，推動增強創新，與其客戶、消費者和利益相關者實現更深入的聯繫。」
The merger consideration represents a 52% premium to PropertyGuru's closing share price on May 21, 2024, the last unaffected trading day prior to media speculation regarding a potential transaction, and a 75% and 86% premium to the Company's 30-day and 90-day volume-weighted average share price, respectively, for the period ending May 21, 2024.
合併報價較2024年5月21日媒體有關潛在交易的最後一個無影響交易日PropertyGuru的收盤價溢價52%，比公司期末爲期30天和90天的成交量加權平均股價分別溢價75%和86%。
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. As we continue to innovate and deliver value to our consumers, customers, and stakeholders across the region, EQT's global expertise in building marketplaces and commitment to sustainable growth will further strengthen our vision to power communities to live, work, and thrive in tomorrow's cities."
PropertyGuru集團的CEO兼董事總經理Hari V. Krishnan表示:"我們很高興與EQt一起迎接新篇章。在經歷了TPG和KKR的有力支持和幾年的改革增長之後，我們已經成爲東南亞領先的房產科技平台。在我們不斷創新併爲我們在該地區的消費者、客戶和利益相關者提供價值的同時，EQT在建立市場和可持續增長方面的全球專業知識將進一步強化我們的願景，即推動社區在明天的城市中生活、工作和繁榮。"
The transaction is expected to close in Q4 2024 or Q1 2025, subject to customary closing conditions, including approval by PropertyGuru's shareholders and receipt of regulatory approvals. The transaction is not subject to a financing condition.
交易預計在2024年Q4或2025年Q1完成，須滿足慣常的完成條件，包括PropertyGuru股東批准和獲得監管機構批准。該交易沒有融資條件。