Eqt has agreed to acquire a 37.6% stake in south korean enterprise software company douzone bizon for approximately $930m, marking one of the private equity firm’s largest asian investments this year The deal, executed through eqt’s. Eqt group has agreed to take a significant minority position in south korea’s cloud erp market, signing a share purchase agreement to invest approximately usd 930 million into douzone bizon (krx The transaction would deliver a roughly 37.6% holding on a fully diluted basis, subject to standard government clearances. Swedish investment firm eqt said on friday it would invest about us$930 million in south korea’s douzone bizon to take up a 37.6 per cent stake in the enterprise software provider, marking one of its largest bets in asia this year. Sweden’s eqt partners, one of europe’s largest private equity firms, has agreed to acquire a controlling stake in douzone bizon co., south korea’s leading homegrown enterprise software firm and the country’s no
2 player in the enterprise resource planning (erp) market, for 1.32 trillion won. Eqt ab has agreed to invest about $930 million in douzone bizon co., a south korean provider of enterprise resource planning software.
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