Photo: en.yna.co.kr
EQT Partners Eyes South Korean Software Market with $930M Duozone Bizon Stake
EQT Partners is set to acquire a 34.8 percent stake in South Korean software firm Duozone Bizon for approximately $930 million, highlighting its interest in the regions enterprise software market.
- EQT Partners has signed a share purchase agreement to acquire a 34.8 percent stake in Duozone Bizon Co. for about $930 million, pending government approval.
- The stake includes the full 23.2 percent owned by Duozones Chairperson Kim Young-woo and 14.4 percent held by affiliates of Shinhan Financial Group.
- This investment positions EQT Partners to capitalize on the growing demand for enterprise resource planning solutions within South Koreas software industry.
Why It Matters
This acquisition reflects EQT Partners strategic focus on South Koreas burgeoning software market, particularly in enterprise software, which is critical for enhancing operational efficiencies in businesses.