Photo = Douzone Bizon

 

[Alpha Biz= Paul Lee] Global private equity firm EQT has completed its second tender offer for Douzone Bizon, raising its ownership to 94% and paving the way for a potential delisting.

According to a filing on April 24, EQT’s special purpose vehicle Doronikum acquired an additional 1.21 million common shares through the second tender offer conducted from March 27 to April 22 at KRW 120,000 per share.

Following the transaction, Doronikum holds approximately 26.29 million common shares and 1.08 million preferred shares, representing a 94.0% ownership stake excluding treasury shares.

EQT had previously secured a significant stake by acquiring shares from former major shareholders and through a first tender offer completed in March. With the latest acquisition, the firm has effectively secured the shareholding threshold needed to proceed with a squeeze-out and delisting process, typically through a comprehensive share exchange.

The company’s board has also endorsed the second tender offer after review by an independent committee, which assessed the fairness of the offer price and the protection of minority shareholders.

EQT, headquartered in Northern Europe, manages approximately €270 billion in assets across private equity and real assets, with operations in around 25 countries.

 

 

 

[ⓒ AlphaBIZ. 무단전재-재배포 금지]