51job Enters Into a Definitive Agreement for Going-Private Transaction
06.22.21
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Simpson Thacher is representing 51job, Inc. (Nasdaq: JOBS) (“51job” or the “Company”), a leading provider of integrated human resource services in China, in connection with a going-private transaction that implies an equity value of the Company of approximately $5.7 billion.
The buyer consortium includes DCP Capital Partners II, L.P., Ocean Link Partners Limited and Mr. Rick Yan, the CEO of the Company. Recruit Holdings Co., Ltd., the Company’s largest shareholder, is also participating in the transaction with the consortium. The transaction is subject to customary closing conditions.
The Simpson Thacher team includes Ian Ho, Katie Sudol and Sonya Ho (M&A); and Dan Fertig (Capital Markets).