CCCS approves PropertyGuru acquisition by Hedychium

Hedychium Limited is indirectly owned by BPEA Private Equity Fund VIII.

The Competition and Consumer Commission of Singapore (CCCS) has approved the proposed acquisition of PropertyGuru Group Limited by Hedychium Limited.

Hedychium Limited is indirectly owned by BPEA Private Equity Fund VIII, affiliated with global investment firm EQT AB.

PropertyGuru is a leading Southeast Asian property technology platform offering services such as property marketplaces, digital sales, mortgage brokerage, home services, and real estate data solutions.

CCCS said the acquisition would not substantially lessen competition in Singapore’s digital real estate advertising market.

The parties do not have market overlaps, vertical integration concerns, or complementary offerings that could harm competition in Singapore.

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