The Business Times
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THINKING ALOUD

Here’s what private equity may be getting right

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Joan Ng

Joan Ng

Published Thu, Aug 22, 2024 · 05:00 AM
    • Private equity-controlled boards are more hands-on, tend to have highly relevant expertise, and are both bolder and more innovative.
    • Private equity-controlled boards are more hands-on, tend to have highly relevant expertise, and are both bolder and more innovative. PHOTO: PIXABAY

    A RECENT offer by private equity (PE) group EQT for property listings website operator PropertyGuru Group might have some wondering just what EQT sees in the loss-making company.

    Has the public market undervalued the potential PropertyGuru holds? Perhaps; but it’s also possible that potential may only be accessible through PE ownership.

    PropertyGuru listed on the New York Stock Exchange in 2022 via a merger with special purpose acquisition company Bridgetown 2 Holdings that gave the former an equity value of US$1.78 billion.

    Thinking AloudPrivate equityPropertyGuru

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