Khaitan & Co. Assists PropertyGuru

Khaitan & Co. assisted PropertyGuru Group Limited.

PropertyGuru Group has entered into an agreement and plan of merger (the "Merger Agreement") with affiliates of BPEA Private Equity Fund VIII Limited (“EQT Private Capital Asia” or “EQT”), pursuant to which PropertyGuru will be acquired by EQT Private Capital Asia in an all-cash transaction that values PropertyGuru at an equity value of approximately USD 1.1 billion.  

The Firm assisted PropertyGuru with reviewing the Merger Agreement and providing transactional advisory from an Indian regulatory perspective, including employment law related advisory.

The core team consisted of Rabindra Jhunjhunwala (Partner), Roshnek Dhalla (Counsel), Sweta Rao (Principal Associate) and Prerna Hegde (Associate) with assistance from the following:
 

Employment law related aspects: Deepak Kumar (Partner) and Archika Dudhwewala (Senior Associate).