Bain Capital, LP agreed to acquire a 60.84% stake in CLASSYS Inc. (KOSDAQ : A214150) from Jung Sung-jae, his wife Lee Yeon-joo and their two children for approximately KRW 670 billion on January 27, 2022. Bain Capital paid KRW 17,000 per share for 39.41 million shares, representing a 60.84% stake in CLASSYS. Before the transaction, Jung and his three family members held a combined 73.77% stake. Jung and Lee will remain friendly shareholders for the next few years with a combined 12.93% stake.  The transaction will be funded from KRW 354.9 billion through the fund and Samsung Securities and KEB Hana Bank arranged the remaining KRW 315 billion financing for the purchase.

Bain Capital, LP completed the acquisition of a 60.84% stake in CLASSYS Inc. (KOSDAQ : A214150) from Jung Sung-jae, his wife Lee Yeon-joo and their two children for approximately KRW 670 billion on April 5, 2022.