June 21, 2021 | Technology | Asia | Ended
On 21-Jun-21, 51job, a Shanghai-headquartered, Cayman-incorporated, NASDAQ-listed recruitment website, agreed to be taken over by a consortium led by private equity firm DCP Capital Partners (“DCP”). The definitive statutory merger will be under Cayman law and comes nine months after an initial proposal by Beijing-based DCP. This time around, DCP is joined by another Chinese sponsor, Ocean Link Partners, as well as 51job’s current CEO, Rick Yan, who controls 19.2%. The buyout price is $79.05 per ADS, the same consideration offered by DCP in September 2020 and ...
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