Client
–
PropertyGuru Pte. Ltd.
(“PropertyGuru”)
Investor group
Lead investor(s):
Corporates, family offices and HNWIs
Follow-on investor(s):
- Not applicable
Transaction summary
Deal value
Transaction highlights
Proceeds used for refinancing of existing facility and additional working capital needs
Material reduction in cost of funds over renewal of existing facility
Completion
Jan-21
Client description
- PropertyGuru is the leading property technology group across ASEAN with #1 positions in Singapore, Vietnam, Thailand, Indonesia and Malaysia
Connects ~25m monthly property seekers with ~45,000 partner agents across ASEAN
Backed by high quality private equity sponsors, including TPG and KKR
Redpeak role
–
Sole financial advisor to PropertyGuru on the debt raise
–
Redpeak’s intimate knowledge of the business and the sector facilitated expedited investor due-diligence, resulting in minimal distraction to PropertyGuru management
–
Leveraged distribution network into corporates, family offices and HNWIs to close the debt facility quickly and on compelling terms
–
Smooth execution facilitated by Redpeak’s extensive transaction experience in the technology sector in ASEAN
