Media group Emtek has sold its shares in PropertyGuru roughly a year after the real estate technology provider pulled back from plans to go public.
Media conglomerate Emtek has divested its stake in Singapore-based property e-commerce portal PropertyGuru, DealStreetAsia has reported, citing filings with Singapore’s Accounting and Corporate Regulatory Authority.
The news came in the wake of a S$300m ($220m) round last month featuring investment firm KKR’s Asian Fund III and private equity group TPG that consisted of primary and secondary transactions.
TPG Asia VI SPV GP is a new shareholder of PropertyGuru while existing investors Square Peg Capital and Vulpes Testudo Fund have…
