The Swedish investor will purchase a 23.2% stake from Douzone's chairman, Young-woo Kim, and a further 14.4% from affiliates of Shinhan Financial Group. The deal, executed through EQT's BPEA Private Equity Fund IX, will make the fund between 5% and 10% invested upon completion. Founded in 1991, Douzone Bizon provides enterprise resource planning and business management software for small and mid-sized companies, with a growing suite of cloud-based accounting, tax, and compliance tools. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today.
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