On August 20, 2024, EQT Private Capital Asia finalized its acquisition of PropertyGuru Group Limited, a Singapore-based online real estate platform, in an all-cash transaction valued at US$1.1 billion.
The legal advisory team for this significant transaction comprised partners from Rajah & Tann (Singapore) LLP, including Sandy Foo and Goh Jun Yi, supported by Doreen Chia, Gazalle Mok, Glen Chiang, Jonathan Yuen, Kala Anandarajah, Lau Kok Keng, and Rajesh Sreenivasan.
Regional legal support was provided by Assegaf Hamzah & Partners in Indonesia, with Partner Assegaf Hamzah leading the efforts. In Malaysia, Christopher & Lee Ong contributed through partners Celia Cheah, Deepak Pillai, Kelvin Kho, Looi Zhi Min, Sri Richgopinath, Yon See Ting, and Yong Shih Han.
Further legal assistance was rendered by Rajah & Tann LCT Lawyers in Vietnam, with Senior Counsel Trinh Minh Duc and Partner Vu Thi Que at the helm. In Thailand, Rajah & Tann (Thailand) Limited was represented by Partners Melisa Uremovic and Supawat Srirungruang.
This acquisition underscores EQT’s strategic expansion into Southeast Asia’s digital real estate market. The collaborative efforts of these distinguished law firms and their legal experts were instrumental in navigating the complexities of this cross-border transaction.
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