After expanding into mortgages, software and home services, PropertyGuru is concentrating on the search that made its name. Its US$1.1 billion takeover puts a price on the value of being where the house hunt begins.
The EQT-owned consultancy is betting that enterprise AI needs more than a clever model. Its work starts with the websites, customer records and workflows that big companies struggle to connect.
Jeremy Coller spent 36 years arguing that private equity needed a second-hand market. Now that the market is worth trillions, EQT is paying up to $3.7 billion to own the firm that started it.