24 Jul 2021

US$1.78 billion merger of PropertyGuru and SPAC Bridgetown 2 Holdings

Partners Evelyn Wee and Hoon Chi Tern, supported by Partners Desmond Wee, Benjamin Cheong, Elsa Chai, Lina Chua and Vikna Rajah from Rajah & Tann Singapore are advising Bridgetown 2 Holdings Limited, a special purpose acquisition company (SPAC) formed by Pacific Century Group and Thiel Capital LLC, in respect of its proposed merger with PropertyGuru Pte. Ltd. into a combined company with an equity value of approximately US$1.78 billion and the proposed listing of the combined company on the New York Stock Exchange.