By Michael Susin
EQT said its portfolio company has acquired a majority stake of Japan’ human-resources software provider HRBrain for an undisclosed amount.
The investment company on Monday said that the EQT Mid-Market Growth Fund will buy a majority stake from existing shareholders. HRBrain’s founder Hiroki Hori will remain as a significant minority shareholder and continue as chief executive.
The deal is expected to be completed in the fourth quarter of 2023.
HRBrain supports companies to manage and engage with talent more effectively through a diversified suite of cloud products, it added.
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