Copyright Reuters
EQT said it had signed a share purchase agreement under which it would buy a 23.2% stake in Douzone Bizon from Chairman Young-woo Kim and a 14.4% stake owned by affiliates of Shinhan Financial Group. Sign up here. Founded in 1991, Douzone Bizon develops enterprise resource planning, or ERP, and business software for small- and medium-sized companies, offering a suite of cloud-based services for accounting, tax, and compliance management. EQT said it plans to take a long-term approach with the investment, focusing on improving operations and strengthening the company's core business. The firm said the move reflects its continued commitment to South Korea and its broader push to expand across Asian markets. The deal will be made through BPEA Private Equity Fund IX, which will be about 5% to 10% invested following completion, and is subject to customary regulatory approvals, including merger clearance from the Korea Fair Trade Commission and licensing authorization from the Ministry of Trade, Industry and Resources. Reporting by Atharva Singh in Bengaluru; Editing by Alan Barona
