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Apartment buildings are seen in Bangkok March 16, 2016. REUTERS/Jorge Silva

 

Ropes & Gray has advised Swedish investment firm EQT AB on its offer to acquire New York-listed Singapore-based online real estate platform PropertyGuru for $1.1 billion.

Latham & Watkins acted for KKR and TPG, two of the platform’s largest shareholders, while Freshfields represented the Special Committee of the Board of Directors of PropertyGuru.

PropertyGuru went public via a SPAC merger in 2022. It will be acquired by EQT Private Capital Asia, EQT's Asia-focused buyout fund.

According to Reuters, PropertyGuru was established in 2007 and provides online real estate search services in countries including Thailand, Vietnam and Singapore.

It added that separately, EQT raised $1.6 billion in May as it seeks to expand in Asia's mid-market private equity market.

The Ropes team was led by M&A partners Ariel Deckelbaum and Suni Sreepada, and included partners Jen Cormier (employment and benefits), Fran Faircloth (data, privacy & cybersecurity), Megan Baca (IP transactions), Elaine Murphy (tax), and Marty Crisp, Ama Adams and Lisa Kaltenbrunner (all litigation and enforcement).

The Freshfields team included partners Steven Li, Ethan Klingsberg, and Noah Carr (corporate/M&A), along with partners Lori Goodman and Nicole Foster (executive compensation and employee benefits), Allison Liff and Kyle Lakin (leveraged finance), Ninette Dodoo (antitrust and regulatory), Claude Stansbury (tax), Mena Kaplan (intellectual property), Christine Lyon and Brock Dahl (data privacy and cybersecurity), and Stephanie Brown Cripps (compliance).

The Latham cross-border corporate deal team was led by partners Sharon Lau and Ian Nussbaum.

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