이 기사는 2022년 01월 21일 08:06 thebell 에 표출된 기사입니다.

South Korea’s managed cloud service provider Cloocus - a portfolio company of private equity firm Stonebridge Capital - plans to raise 100 billion won ($84 million) at a post-money valuation of 400 billion won.

Cloocus has started marketing campaigns to its largest shareholder Stonebridge Capital and strategic and financial investors for its planned fundraising, industry sources said on Wednesday.

The fundraising is expected to be completed as early as the first quarter after starting a due diligence process this week. Investors will acquire redeemable convertible preferred shares issued by Cloocus.

Stonebridge Capital will invest about 50 billion won while the remaining amount will be raised from other outside investors, including SK C&C and several private equity firms. SK C&C had about 16.75% stake in Cloocus at the end of 2020 after it invested more than 10 billion won in the company in October 2019.

Founded in 2019 by Hong Sung-wan, Cloocus offers full cloud services such as pre-consultation service, build service, managed service, big data and analytics and smart work to drive digital transformation by migrating to Microsoft Azure.

Its revenue is estimated to have increased from 12.8 billion won in 2019 to some 130 billion won in 2021.

Cloocus aims to focus on expanding its presence globally this year. The company signed a joint venture agreement with Malaysia-based Censof Holdings to offer cloud services in the country, with an aim to set up 10 branches in Asia and Europe by 2023.

Cloocus was valued at about 80 billion won in August 2021 when it raised about 45 billion won from investors like Stonebridge Capital and SK C&C. Stonebridge Capital has increased its investments in managed cloud service providers, including its 30 billion won investment in Megazone Cloud in June 2021. (Reporting by Ha-na Suh)