EQT Private Capital Asia (BPEA Private Equity Fund VIII) Acquires PropertyGuru

PropertyGuru Completes Business Combination With Bridgetown 2 Holdings

March 17, 2022

Cloud & SaaS

PropertyGuru Group completed its previously announced business combination with Bridgetown 2 Holdings Limited (Bridgetown 2), a special purpose acquisition company. The transaction raised approximately US$254 million of gross proceeds and valued PropertyGuru at about US$1.36 billion enterprise value and US$1.61 billion equity value, with the combined company beginning trading on the NYSE under ticker “PGRU”.

EQT Acquires Baring Private Equity Asia

March 16, 2022

Financial Services

EQT AB has agreed to acquire Baring Private Equity Asia (BPEA) in a €6.8bn transaction comprising 191.2m new EQT shares and ~€1.5bn–€1.6bn in cash, creating a scaled Pan-Asian active ownership platform rebranded as BPEA EQT Asia. The combination brings BPEA's private equity and real estate capabilities into EQT's global platform, with BPEA CEO Jean Eric Salata to lead the combined Asian business.

EQT Asia (BPEA Private Equity Fund VIII) Acquires Perficient

October 2, 2024

IT Services

EQT Asia, an affiliate of BPEA Private Equity Fund VIII, has completed its all-cash acquisition of Perficient, a global digital consultancy focused on transforming large enterprises. In connection with the closing on October 2, 2024, Perficient’s shares stopped trading on Nasdaq and the company became privately held.

EQT (MMG fund) Majority Investment in PropertyMe

December 4, 2025

Cloud & SaaS

EQT’s BPEA Mid-Market Growth Partnership (MMG fund) agreed to invest in PropertyMe, making EQT the majority investor in the Australian and New Zealand cloud-based PropTech platform. The transaction will pair EQT’s software and AI expertise with PropertyMe’s product innovation (including AiMe and MePay) to accelerate growth and geographic expansion while the founders retain a significant minority stake.

EQT Private Capital Asia (BPEA Fund VIII) Acquires WSO2

May 3, 2024

Software

EQT Private Capital Asia (BPEA Fund VIII), part of EQT, has agreed to acquire WSO2 from existing shareholders. WSO2 is an enterprise software provider of API management, integration, and identity and access management solutions; the deal is positioned to support WSO2's next phase of global growth and product innovation. Financial terms were not disclosed; the transaction is expected to close in H2 2024.

PropertyGuru Acquires Sendhelper to Enter Home Services in Singapore

October 13, 2022

Real Estate

PropertyGuru Group Limited has acquired Sendhelper, a Singapore-based home services technology start-up, to expand its property ecosystem into home maintenance and services. The deal lets PropertyGuru integrate Sendhelper's network of verified service providers into its marketplace, enabling homeowners, tenants and agents to book services like cleaning, AC maintenance and repairs through PropertyGuru's platform.