Russin & Vecchi has acted as Vietnam legal counsel to PropertyGuru (alongside international legal counsel including Freshfields and Allen & Gledhill in other jurisdictions), Southeast Asia’s leading prop-tech (property technology) platform listed on the New York Stock Exchange (NYSE:PGRU), in the merger of PropertyGuru into BPEA Private Equity Fund VIII managed by EQT Private Capital Asia. PropertyGuru is valued at approximately USD 1.1 billion. Following the merger, PropertyGuru’s stocks cease trading on the New York Stock Exchange. Leveraging experience with leaders in the digital marketplace and real estate classifieds sectors, EQT seeks to advance PropertyGuru’s strategic initiatives, strengthen its position in Southeast Asia’s leading prop-tech sector.

Founded in 2007 and headquartered in Singapore, PropertyGuru is a leading prop-tech platform connecting over millions of property seekers with thousands of agents across Singapore, Malaysia, Thailand and Vietnam.

In 2022, Russin & Vecchi assisted PropertyGuru in connection with the group’s IPO and its listing on the New York Stock Exchange.

Our team was led by Nguyen Huu Minh Nhut, supported by Dao Hong Diu.