KKR, TPG Said to Weigh PropertyGuru Options Including Buyout (1)

KKR & Co. and TPG Inc. are exploring options including a buyout of Southeast Asian online real estate platform PropertyGuru Group Ltd., people familiar with the matter said.

The US private equity firms are working with a financial adviser to help gauge initial interest from other global investors in New York-listed PropertyGuru, the people said, asking not to be identified because the matter is private. KKR and TPG, which own about 26.5% and 29.6% of PropertyGuru, respectively, could also opt to buy the remaining shares they don’t already hold, the people said.

The considerations are preliminary and no final ...