Overview
- EQT signed a share purchase agreement to acquire 23.2% from Chairman Kim Young-woo and 14.4% from Shinhan affiliates, totaling a controlling 37.6% stake.
- The acquisition will be made through BPEA Private Equity Fund IX, which will be about 5–10% invested after completion.
- Closing is contingent on merger clearance by the Korea Fair Trade Commission and licensing authorization from the Ministry of Trade, Industry and Resources.
- EQT says it plans a long-term operational approach focused on strengthening Douzone Bizon’s core business rather than near-term profits.
- Douzone Bizon, a leading SME ERP and cloud provider with roughly 400 billion won in annual sales and about a 20% operating margin, may present portfolio synergies with EQT’s Remember & Company, according to industry observers.