Twitter LinkedIn
    Wednesday, May 25
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Acquisitions»DCP Capital-Led Group Takes China’s 51job Private for $5.3B
    Acquisitions

    DCP Capital-Led Group Takes China’s 51job Private for $5.3B

    June 21, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    An investor group led by DCP Capital Partners agreed to take 51job Inc. private in a transaction valuing the Chinese recruitment firm at about $5.7 billion.

    The consortium, which also includes buyout firm Ocean Link Partners and 51job co-founder and Chief Executive Officer Rick Yan, reached a deal to buy the New York-listed company for $79.05 cash per American depositary share, according to a statement. The bid is 5.9% more than 51job’s Friday close.

    The offer represents a 28.9% premium to the last trading day before the consortium’s updated proposal was announced in May. Japan’s Recruit Holdings Co., the biggest shareholder of 51job, is also participating in the transaction, according to the statement. The investor group has lined up as much as $1.825 billion of committed term loan facilities arranged by China Merchants Bank Co. and Shanghai Pudong Development Bank Co.

    Read More 

    Source: Mergers&Acquisitions

    By Bloomberg

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Acquisition PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Cathay Capital launches new €500m health fund

    May 24, 2022

    Pantheon passes $2.4bn in private debt secondaries as flagship fund closes at $834m

    May 24, 2022

    Venture Capital’s Billions Are Taking Over London Finance

    May 24, 2022

    Moove acquires PetroChoice from Golden Gate Capital in £479m deal

    May 24, 2022

    Comments are closed.

    Other Articles

    Two US billionaire-led bids lead £3bn race to buy Chelsea FC

    March 28, 2022

    Private equity breaks 40-year record with $500bn of deals

    July 1, 2021

    Can Private Equity Make an Exit in Time?

    January 24, 2021

    Rivian raises $2.65B as it pushes towards production of its electric pickup

    January 19, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?