Duzon Bizon Becomes Second Largest Shareholder by Global Private Equity Bain Capital... "Expecting Momentum for Expansion through Global Advancement"

[Asia Economy Reporter Hyunseok Yoo] Duzon Bizon announced on the 1st that it has brought in Bain Capital, a global private equity fund (PEF), as its second-largest shareholder to establish partnerships for overseas expansion and mergers and acquisitions (M&A) aimed at enhancing corporate value. The investment was made in the form of Bain Capital acquiring 1.5 million shares, equivalent to 4.77% of Duzon Bizon's total issued shares, from CEO Kim Yong-woo at 110,000 KRW per share.

A Duzon Bizon official stated, “We carefully considered selecting a good partner necessary for the global expansion of the company’s target industry (B2B) solutions,” adding, “We judged that actively approaching M&A strategies together with Bain Capital, which holds management rights over excellent global assets that require our solutions, is the most ideal.”

In fact, Bain Capital is a world-renowned private equity fund with over 130 trillion KRW in assets under management and experience executing more than 1,000 global investments. According to the company, Bain Capital is recognized worldwide as outstanding in investments related to the ICT industry. Its high understanding and experience in the global ICT industry are expected to provide a strong foothold for Duzon Bizon, which is attempting global expansion with next-generation system ERP 10 and business platform WEHAGO.

Duzon Bizon expects that the combination of its excellent technological capabilities in the ICT field and digital innovation competencies with the large-scale assets and experience of a major global private equity fund will accelerate corporate growth through full-scale global expansion. The company evaluates that the mere fact that Bain Capital, known for being very selective in investment targets, has confirmed its investment in Duzon Bizon proves the company’s high future growth potential and investment value.

A Duzon Bizon official said, “The reason for pursuing the acquisition of existing shares instead of methods such as paid-in capital increase is the result of long-term strategic planning to prepare for the future without dilution of existing shareholders’ value and without changes in the controlling shareholder’s management rights,” adding, “This transaction highlights the synergy between the two companies in terms of global expansion utilizing the excellent assets of a major global private equity fund.”