EQT Partners - To Acquire a Controlling Stake In Douzone Bizon & A Tender Offer of Minority Shares?
Douzone Bizon [Bullish]
It was reported in Seoul Economic Daily today that EQT Partners is close to acquiring a controlling stake (31.4%) in Douzone Bizon (012510 KS).
A 31.4% stake of Douzone is now worth 0.91 trillion won (with no premium or discount).
Douzone's chairman Kim has demanded up to twice the market cap of the company for the management rights premium.
Douzone Bizon's Share Price Trend
Douzone Bizon's share price has been on a rollercoaster in the past several 5-7 years. It had a big run up in 2020 during the COVID-19 pandemic when major global software related stocks were in a super-bull run. However, its share price declined to below 30,000 won in 2023. Since then, its share price has rallied again, driven by turnaround of its core software business along with further development of its AI related enterprise software/business areas.
In addition, since June 2025, there have been discussions in the media of a potential sale of the controlling stake in the company. Douzone Bizon's share price has done fairly well this year (up 38% YTD). However, it has underperformed KOSPI which is up 44% YTD.
Douzone Bizon's share price trend (Source: Google finance)
