M&A Deal Summary

Cielo Acquires AsiaNet China

On March 5, 2020, Cielo acquired staffing company AsiaNet China

Acquisition Highlights
  • This is Cielo’s 2nd transaction in the Staffing sector.
  • This is Cielo’s 1st transaction in China.

M&A Deal Summary

Date 2020-03-05
Target AsiaNet China
Sector Staffing
Buyer(s) Cielo
Deal Type Add-on Acquisition

Target

AsiaNet China

Shanghai, China
AsiaNet China is an RPO, executive search, recruitment, and payroll (HRO) business. AsiaNet serves customers across a range of industries including engineering, advanced manufacturing, life sciences, supply chain, infrastructure, construction and properties, automotive and technology. AsiaNet China was established in 1988 and is based in Shanghai, China.

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Buyer(S) 1

Buyer

Cielo

Wauwatosa, Wisconsin, United States

Category Company
Founded 2005
Sector Staffing
Employees1,820
DESCRIPTION

Cielo is a pure-play recruitment process outsourcing (RPO) provider. Cielo offers customized solutions that help clients align talent strategies to business objectives. Cielo was founded in 2005 and is based in Wauwatosa, Wisconsin.


DEAL STATS #
Overall 2 of 4
Sector: Staffing M&A 2 of 4
Type: Add-on Acquisition M&A Deals 2 of 3
Country: China M&A 1 of 1
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-17 Ochre House

London, United Kingdom

Ochre House Limited provides both permanent and temporary staff in a broad range of sectors, operating through three divisions: 1)Education Division provides teaching staff and teaching assistants to schools of all age groups throughout the UK (t/a Mark Education and International Teachers Network). 2)Commercial Division provides specialist retail and leisure staff (t/a The Buzz), accounting and office support staff (t/a Parkside Recruitment) and legal staff (t/a ASA Law). 3)Resource Process Outsourcing (RPO) Division allows clients to outsource their entire HR function, providing a strategic approach to resourcing and talent management.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Talent Function

San Diego, California, United States

Talent Function is a consultancy dedicated to helping Talent Acquisition and HR leaders and executives worldwide realize their desired outcomes. Talent Function helps staffing leaders and solution providers to deliver results for their clients and combines project-based consulting with extensive practical recruiting experience to address the people, practices, and software that make up the Talent Acquisition function. Talent Function was formed in 2009 and is based in San Diego, California.

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