M&A Deal Summary

DCP Capital, Ocean Link and Recruit Holdings Acquires 51job

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

Acquisition Highlights
  • This is DCP Capital’s 1st, Ocean Link’s 1st and Recruit Holdings’ 9th transaction in the Staffing sector.
  • This is DCP Capital’s 1st, Ocean Link’s 1st and Recruit Holdings’ 1st largest (disclosed) transaction.
  • This is DCP Capital’s 1st, Ocean Link’s 2nd and Recruit Holdings’ 2nd transaction in China.

M&A Deal Summary

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

Target

51job, Inc.

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, the People's Republic of China.

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Buyer(S) 3

Buyer

DCP Capital (Dehong Capital)

website


Category Private Equity Firm
SizeSmall
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector (Staffing) 1 of 1
Type (Going Private) 1 of 1
Country (China) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Buyer

Ocean Link

Investor Investor

website


Category Private Equity Firm
Founded 2016
PE ASSETS 400M USD
SizeMiddle-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, Inc.

Beijing, China

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

Buy -
Buyer

Recruit Holdings Co. Ltd.

Tokyo, Japan

website


Category Company
Founded 1960
SectorBusiness Services
Employees49,370
Revenue 2,399.5B JPY (2020)
DESCRIPTION

Recruit Holdings Co. Ltd. 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 15 of 15
Sector (Staffing) 9 of 9
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, Inc.

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