Bain Capital, LP acquired 4.8% stake in Douzone Bizon Co., Ltd. from Kim Yong-woo for approximately KRW 170 billion.
March 03, 2021
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Bain Capital, LP acquired 4.8% stake in Douzone Bizon Co., Ltd. (KOSE:A012510) from Kim Yong-woo for approximately KRW 170 billion on March 4, 2021. Under the terms, Bain Capital acquired 1.5 million shares in Douzone Bizon for KRW 110,000 per share to become its second-largest shareholder. As a result, the combined stake of the largest shareholder Douzone Holdings and affiliated parties falls from 36% to 31%, while foreign ownership increases from 46% to 51%.KPMG provided due diligence to Bain Capital, LP.
Bain Capital, LP completed the acquisition of 4.8% stake in Douzone Bizon Co., Ltd. (KOSE:A012510) from Kim Yong-woo on March 4, 2021.
Duzon Bizon Co Ltd is a Korea-based company engaged in the provision of customized software and extended solutions for small and medium enterprises. The Company provides enterprise resource planning (ERP) software, such as lite ERP, standard ERP, extended ERP and financial ERP under the brand names of Duzon-iPlus, Duzon ERP-icube, ERP M/U and others, as well as electronic banking software used in u-billings and electronic tax invoices. It is also engaged in the provision of construction-use ERP, security solutions, hardware, telecommunication and mobile related solutions, as well as maintenance services.