Aug 2024
Conyers is acting as Cayman Islands legal counsel to EQT Private Capital Asia on its agreement to acquire NYSE listed PropertyGuru Group Limited (“PropertyGuru”) in a transaction that values PropertyGuru at approx. US$1.1 billion. The transaction was announced on 16 August 2024 and 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 consents.
EQT Private Capital Asia is a part of the EQT AB group (“EQT”), a purpose-driven global investment organisation with €242 billion in total assets under management (and €133 billion in fee-generating assets under management). EQT owns portfolio companies and assets in Europe, Asia-Pacific and the Americas.
The Conyers team advising EQT is led by mergers & acquisitions Partner Alex Davies, Counsel Matthew Harkness and Associates Caroline Dekker and Mauricio Da Rocha and litigation Partners Erik Bodden and Jonathon Milne, who are working alongside Ropes & Gray LLP as lead legal counsel.