Ropes & Gray has advised Bain Capital Special Situations in its sale of a minority stake in Douzone Bizon to Shinhan Value Up the First, Co., Ltd.

Douzone Bizon is a leading enterprise resource planning (ERP) software developer based in South Korea that provides ERP software for internal corporate functions such as payroll management, accounting, and logistics. The transaction was announced on April 25, 2024 and closed on May 2, 2024. Ropes & Gray also represented Bain Capital Special Situations in its acquisition of Douzone Bizon in 2021.

The Ropes & Gray team advising Bain Capital Special Situations included private capital transactions partner Jaewoo Lee, with counsel Keun Shin and associate Ethan Kim. This transaction was supported by private capital transactions counsel Stephen Hui, litigation & enforcement counsel Tina Wu, private capital transactions associate Alice Sun, and litigation & enforcement associate Slava Iavorskyi.