M&A Deal Summary

DCP Capital, Ocean Link and Recruit Holdings Co Acquire 51job

On June 21, 2021, private equity firm DCP Capital, private equity firm Ocean Link and Recruit Holdings Co acquired staffing company 51job for 5.7B USD

Acquisition Highlights
  • This is DCP Capital’s 1st, Ocean Link’s 1st and Recruit Holdings Co’s 10th transaction in the Staffing sector.
  • This is DCP Capital’s , Ocean Link’s and Recruit Holdings Co’s largest (disclosed) transaction.
  • This is DCP Capital’s 11th, Ocean Link’s 2nd and Recruit Holdings Co’s 2nd transaction in China.

M&A Deal Summary
Date 2021-06-21
Target 51job
Sector Staffing
Buyer(s) DCP Capital
Ocean Link
Recruit Holdings Co
Deal Type Going Private
Deal Value 5.7B USD
Advisor(s) Simpson Thacher & Bartlett
Jun He Law (Legal)

Target

51job

Shanghai, China
website
51job is a provider of integrated human resource services in China. With a comprehensive suite of HR solutions, 51job meets the needs of enterprises and job seekers through the entire talent management cycle, from initial recruitment to employee retention and career development. 51job was founded in 1998 and is based in Shanghai, China.

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Buyer(S) 3

Buyer

DCP Capital

website

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

DCP is a private equity firm focused on long-term partnerships with management teams in companies across Asia. The Firm seeks businesses with growth potential in a variety of industries including business services, consumer products, distribution, food, manufacturing, financial services, real estate, and staffing. DCP is headquartered in Beijing, China.

DEAL STATS #
Overall 13 of 14
Sector (Staffing) 1 of 1
Type (Going Private) 1 of 1
Country (China) 11 of 12
Year (2021) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-18 Ambrx

San Diego, California, United States

Ambrx is a clinical-stage biopharmaceutical company with a proprietary synthetic biology technology platform to design and develop next-generation antibody-drug conjugates (ADCs). The company is advancing a focused portfolio of clinical and preclinical programs designed to optimize efficacy and safety of its candidate therapeutics in multiple cancer indications, including ARX517, its proprietary ADC targeting PSMA for metastatic castration-resistant prostate cancer (mCRPC); ARX788, its proprietary ADC targeting human epidermal growth factor receptor 2 (HER2) for metastatic HER2+ breast cancer; and ARX305, its proprietary ADC targeting CD-70 for renal cell carcinoma. Ambrx was founded in 2003 and is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-24 Broncus

Hangzhou, China

Broncus, a pioneer in the field of Interventional Pulmonology, is a medical device company specializing in global development and distribution of innovative lung solutions. Broncus was founded in 2012 and is based in Hangzhou, China.

Sell -
Buyer

Ocean Link

Investor Investor

website

Category Private Equity Firm
Founded 2016
PE ASSETS 400M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Ocean Link is a private equity firm focused on acquiring and investing in Chinese travel-related companies. The Firm was formed by General Atlantic and Ctrip.com International and looks to capitalize in the growth of Chinese tourism. Ocean Link was formed in 2016 and is headquartered in Shanghai.

DEAL STATS #
Overall 3 of 3
Sector (Staffing) 1 of 1
Type (Going Private) 2 of 2
Country (China) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-02 58.com

Beijing, China

58.com operates an online marketplace serving local merchants and consumers, as measured by monthly unique visitors on both its website and mobile applications. 58.com was founded in 2005 and is based in Beijing, China.

Buy -
Buyer

Recruit Holdings Co

Tokyo, Japan

website

Category Company
Founded 1960
Sector Business Services
Employees51,757
Revenue 2,871.7B JPY (2022)
DESCRIPTION

Recruit Holdings Co is a global human resources and information services company. Recruit's HR services include temporary staffing, permanent placement, recruitment advertising, consulting, assessment and training. The Company also provides a range of print, web and mobile services that help connect people with job opportunities. Recruit Holdings was formed in 1960 and is based in Tokyo, Japan.

DEAL STATS #
Overall 16 of 16
Sector (Staffing) 10 of 10
Type (Going Private) 1 of 1
Country (China) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 Glassdoor

Mill Valley, California, United States

Glassdoor, Inc. is a provider of online career and workplace community. Glassdoor combines all the latest jobs with millions of reviews and insights to make it easy for people to find a job that is uniquely right for them. As a result, Glassdoor helps employers hire truly informed candidates at scale through effective recruiting solutions like job advertising and employer branding products. Launched in 2008, Glassdoor now has reviews and insights for 770,000 companies located in more than 190 countries.

Buy $1.2B
Mergr

Product

Company

Legal