'ERP system leader' Douzone Bizon received 400 billion investment

[Infostock Daily=Reporter Lee Ji-sun] Douzone Bizon Co, a company specializing in enterprise operation solutions, has received about 400 billion won in investment from Bain Capital, a global private equity fund management company.

According to the investment banking industry on the March 1st, Bain Capital will get about 10% of the company's stake, including some of the shares (5.72%) of Douzone Bizon CEO Kim Yong-woo in return.

Bain Capital will become the second largest shareholder after Douzone Holdings. The current largest shareholder is Duzon Holdings (30%), the parent company of Douzone Bizon.

Considering that the market capitalization of Douzone Bizon is around 3.2 trillion won, estimated total investment of Bain Capital will be worth between 300 billion won and 400 billion won.

Chairman Kim Yong-woo will continue to hold the responsibility of managing the company.

Douzone Bizon is the largest enterprise resource planning (ERP) system in Korea and an enterprise-to-business (B2B) information technology company that sells enterprise operating solutions such as cloud. More than 10,000 companies in Korea and China are using Douzone Bizon's ERP system.

Domestic market share continues to grow to 18.2% in 2018 and 19.2% in 2019. 

Reporter Lee Ji-sun stockmk2020@gmail.com