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").
东南亚领先房地产科技公司今天宣布，已经与BPEA Private Equity Fund VIII Limited（“EQt Private Capital Asia”）的附属公司签订了一份合并协议和计划。
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.
根据合并协议的条款，在合并生效时，公司的每个已发行和流通股份（除了某些排除的股份）将被取消并自动转换为权利，以每股6.70美元的现金金额进行换股，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咨询团队合伙人，EQt Private Capital Southeast Asia 总负责人Janice Leow 表示:“PropertyGuru已经稳固地建立为东南亚领先的房地产市场平台，并且我们对它过去17年建立的良好基础及其才华横溢的团队印象深刻。我们相信我们的报价可以为股东提供具有吸引力和确定性的价值，同时战略性地定位PropertyGuru以充分利用其长期增长潜力。凭借EQT在科技、在线分类信息和市场领域的丰富经验，我们的目标是进一步加强PropertyGuru的平台，推动增强创新，与其客户、消费者和利益相关者实现更深入的联系。”
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.
合并报价较2024年5月21日媒体有关潜在交易的最后一个无影响交易日PropertyGuru的收盘价溢价52%，比公司期末为期30天和90天的成交量加权平均股价分别溢价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集团的CEO兼董事总经理Hari V. Krishnan表示:"我们很高兴与EQt一起迎接新篇章。在经历了TPG和KKR的有力支持和几年的改革增长之后，我们已经成为东南亚领先的房产科技平台。在我们不断创新并为我们在该地区的消费者、客户和利益相关者提供价值的同时，EQT在建立市场和可持续增长方面的全球专业知识将进一步强化我们的愿景，即推动社区在明天的城市中生活、工作和繁荣。"
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.
交易预计在2024年Q4或2025年Q1完成，须满足惯常的完成条件，包括PropertyGuru股东批准和获得监管机构批准。该交易没有融资条件。