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2024-12-18 12:12:41

Deals in brief: Alibaba to divest Intime, Tyme Group achieves unicorn status with Nubank-led Series D round, EQT finalizes PropertyGuru acquisition, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific. Alibaba to divest Intime as part of business restructuring Chinese e-commerce giant Alibaba Group has announced the sale of its department store unit, Intime Retail, to a consortium co-led by Youngor Fashion and Intime’s management team for RMB 7.4 billion (USD 1 billion), according to Reuters. The...

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2024-12-16 06:09:41

EQT completes acquisition of PropertyGuru
EQT Private Capital Asia has completed the acquisition of the Singapore-based property technology (PropTech) company PropertyGuru Group. In a statement on last Friday, the duo announced the completion of the acquisition of PropertyGuru by BPEA Private Equity Fund VIII for $6.70 per share in cash in a transaction that values PropertyGuru at an equity value of approximately $1.1 billion. In...

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