June 22, 2021
Weil represented Mr. Rick Yan, the CEO of 51job, Inc., and the consortium, in connection with the signing of an Agreement and Plan of Merger with Garnet Faith Limited. Upon completion, 51job, Inc. will be acquired by a consortium of investors including Mr. Rick Yan, DCP Capital Partners II, L.P. and Ocean Link Partners Limited, in a transaction implying an equity value of approximately $5.7 billion. Recruit Holdings Co., Ltd., the company’s largest shareholder, is also participating in the transaction. The transaction is expected to close during the second half of 2021 and is subject to customary closing conditions.