PropertyGuru Completes Business Combination With Bridgetown 2 Holdings

EQT (via Baring Private Equity Asia Fund VIII) Acquires PropertyGuru Group

August 16, 2024

Real Estate

EQT Private Capital Asia, via Baring Private Equity Asia Fund VIII managed by EQT, has completed the acquisition of PropertyGuru Group Limited for USD 6.70 per share, valuing the company at approximately USD 1.1 billion. PropertyGuru, the Singapore-headquartered PropTech marketplace serving Southeast Asia, will be taken private to accelerate technology development, expand market reach, and improve operational efficiency under EQT's ownership.

TowerBrook Acquires Majority Stake in Berkeley Research Group (BRG)

February 27, 2025

Consulting

TowerBrook Capital Partners has made a majority equity investment in Berkeley Research Group (BRG), a Washington, D.C.-based expert services and consulting firm. As part of the transaction, existing investor Endeavour Capital will exit, BRG's management team will remain in place under CEO Tri MacDonald, and a syndicate led by Royal Bank of Canada will provide committed financing.

Warburg Pincus and Temasek Acquire Specialist Risk Group

May 21, 2024

Insurance

Warburg Pincus and Temasek agreed to acquire Specialist Risk Group (SRG) from HGGC, with SRG management reinvesting and retaining a significant stake. The investors will support SRG’s next stage of growth as the specialist insurance intermediary expands its people-focused platform and international capabilities; closing is subject to customary regulatory approvals.

Grove Collaborative Completes Business Combination with Virgin Group Acquisition Corp. II

June 14, 2022

Consumer Products

Grove Collaborative, a certified B Corp focused on sustainable consumer products, completed a business combination with Virgin Group Acquisition Corp. II (VGII) and began trading on the NYSE under the ticker "GROV." The transaction included an $86 million PIPE and a $50 million backstop arrangement (including subscriptions from Corvina Holdings), providing Grove with public-market access and additional growth capital to scale its DTC subscription and retail business.

Specialist Risk Group (SRG) Acquires GB Underwriting

January 14, 2021

Insurance

Specialist Risk Group (SRG), backed by new majority investor HGGC, has acquired GB Underwriting, a UK managing general agent (MGA) specializing in property and liability insurance for construction and building trades. The deal strengthens SRG's MGA capability and expands its specialist insurance offering to UK brokers.

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.