News & Announcements

Weil Advises CEO of 51job, Inc. on its Proposed Going-Private Merger

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.

The Weil team was led by Hong Kong Private Equity partners Tim Gardner and Chris Welty and included Banking & Finance counsel Kevin Yao and associates Qi Zhang, Graham Price and Alan Wen.