Remember Embraces New Growth with EQT Acquisition
Deal News | Aug 11, 2025 | EQT
EQT, a global investment firm, through its BPEA Private Equity Fund VIII, has announced that it will acquire a controlling stake in Remember & Company, a leading AI-enabled HR tech platform in South Korea. The deal, valued at approximately KRW 500 billion (USD 400 million), represents one of the largest transactions in South Korea's HR tech industry. Major shareholders, including Ark & Partners, are selling their stakes to EQT. Remember, initially a business card management app, has grown into a comprehensive HR tech platform integrating recruitment solutions with CRM capabilities. EQT sees this acquisition as a thematic investment rooted in demographic shifts and technological advances in South Korea's HR sector. EQT aims to support Remember's ambition to dominate the Asian HR tech market by leveraging their extensive expertise in digitalization and sustainability. The deal underlines EQT’s long-standing commitment to South Korea and their belief in the transformative potential of AI in shaping the future work landscape. The transaction is pending customary regulatory approvals and is expected to conclude in Q3 2025.
Sectors
- Private Equity
- HR Technology
- Artificial Intelligence
- Technology
Geography
- South Korea – Remember & Company is based in South Korea and the transaction emphasizes developments in the South Korean market.
- Asia Pacific – EQT's strategic focus on the Asia Pacific region is highlighted in their acquisition strategy.
Industry
- Private Equity – The article discusses a significant investment by EQT, a private equity firm, in Remember & Company.
- HR Technology – Remember & Company operates as an AI-enabled HR tech platform, making this sector relevant.
- Artificial Intelligence – The acquisition focuses on leveraging AI technology for HR solutions.
- Technology – The article centers around advancements and investments in AI tech platforms.
Financials
- KRW 500 billion (USD 400 million) – The deal value for EQT's acquisition of a controlling stake in Remember & Company.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Remember & Company | Target Company | Companies | AI-enabled HR tech platform in South Korea, initially launched as a business card management app. |
| EQT | Bidding Company | Companies | A global investment firm acquiring Remember & Company through its private equity fund. |
| Ark & Partners | Selling Company | Companies | Next-generation private equity firm in South Korea, with a previous major stake in Remember & Company. |
| Dayea Yeon | Partner | People | Partner in the EQT Private Capital advisory team and Head of EQT Private Capital Korea. |
| Sungmin Kim | Founder and CEO | People | Founder and CEO of Ark & Partners. |