March 24, 2023
Weil has been recognized for leading the financing of the $4.3 billion take-private of 51job, Inc. with Loan Deal of the Year honors at the 2023 IFLR Asia-Pacific Awards.
51job, Inc. is China’s leading provider of integrated human resource services. Weil acted as counsel to Mr. Rick Yan, Co-Founder and CEO of 51job, Inc., and co-counsel to a consortium that includes Mr. Rick Yan, Recruit Holdings, DCP Capital Partners and Ocean Link Partners in this landmark transaction, which involves $1.90 billion leveraged financing for the take-private as well as $450 million founder financing to fund Mr. Rick Yan’s capital contribution in respect of the take-private.
The Weil team members involved in the financing aspects of the transaction include Hong Kong counsel Kevin Yao – who headed the team – and Graham Price, and associates Qi Zhang and Isolde Tsukabayashi.
International Financial Law Review Asia-Pacific Awards recognizes top firms and transactions that demonstrate outstanding accomplishments in “legal innovation in cross-border transactions” in the region.