Client
–
PropertyGuru Pte. Ltd.
(“PropertyGuru”)
Investor group
Lead investor(s):
- KKR
Follow-on investor(s):
- Not applicable
Transaction summary
Deal value
SGD200m
Transaction highlights
- Largest equity raise for any ASEAN online classifieds company to date
- Capital raise synchronised with the closing of the acquisition of Batdongsan, Vietnam’s #1 real estate portal
- A new partnership with KKR, a leading global private equity firm
Completion
Oct-18
Client description
- PropertyGuru is the leading property technology group across ASEAN with ~25m monthly property seekers
Provides solutions for property seekers, real estate agents and property developers
#1 position across Singapore, Malaysia, Indonesia, Thailand and Vietnam with ~55% consumer market share
Redpeak role
–
Sole financial advisor to PropertyGuru on the equity raise
–
Attracted buy-side interest from all major private equity investors active in Asia, ensuring a highly competitive process
–
Meticulous attention to execution ensured that investors had timely access to presentations, due diligence materials and responses to queries
–
Maintained significant competitive tension throughout a tight transaction timeline
