EQT Bets on Japanese HR Software Startup to Boost Returns

Sweden’s EQT AB is buying a majority stake in a Japanese software startup specializing in human resource management, a rare attempt by a global private equity giant to boost returns through young enterprises in the Asian country.

EQT will own more than half of Tokyo-based HRBrain Inc., while the startup’s founder Hiroki Hori will retain a significant minority stake in the company. The private equity firm didn’t disclose details of the terms including transaction value.