EQT Partners to Acquire Douzone Bizon for 1.3 Trillion Won

Global private equity fund (PEF) manager EQT Partners is set to acquire Douzone Bizon, Korea's only homegrown enterprise resource planning (ERP) and software (SW) solutions company, for 1.3 trillion won.

According to the Financial Supervisory Service’s electronic disclosure system on November 7, EQT signed a share purchase agreement (SPA) the previous day to acquire a 23.2% stake held by Chairman Kim Yongwoo, the largest shareholder of Douzone Bizon, as well as a 14.4% stake held by affiliates of Shinhan Financial Group.

Douzone Bizon, established in 1991, is a homegrown ERP company and the second-largest player in the domestic market. The total transaction amount related to this deal is 1.3158 trillion won. The sale price is 120,000 won per share, representing a 28.5% premium over the previous day's closing price of 93,400 won. This marks the highest price in Douzone Bizon's history.

EQT's acquisition of Douzone Bizon is subject to procedures including business combination review by the Fair Trade Commission and approval from the Ministry of Trade, Industry and Energy. Upon completion of the transaction, EQT will secure a 37.6% voting stake in Douzone Bizon, excluding treasury shares. It remains uncertain whether EQT will pursue a public tender offer for the remaining shares.

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