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.