EQT to acquire TPG and KKR-backed PropertyGuru in a $1.1bn deal.

EQT, a private equity firm, agreed to acquire TPG and KKR-backed PropertyGuru, a property technology company, in a $1.1bn deal. “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," Hari V. Krishnan, PropertyGuru CEO and Managing Director.