- English
-
Legal Services
Fiduciary Services
- AIFM & UCITS Management Company Services
- Accounting, Tax & Agency Services
- Commodity Pool Operator Services
- Company Secretarial & Board Support Services
- Conflict Review & Advisory Services
- Directorship Services
- Facilities Agent Services
- Permanent Office Solutions
- Power of Attorney & Proxy Agent Services
- Private Client Services
- Trustee Services
Fund Services
Regulatory & Compliance
-
Americas and Caribbean
Europe
-
PUT YOUR CAREER INTO GEAR
-
In-Depth Corporate Tax Planning 2024
08 May 2024EMIR Refit Key Changes and Considerations
01 May 2024
Deals
Maples Advises on US$4.3 Billion Take-Private of 51job, Inc.
25 May 2022
Maples and Calder, the Maples Group's law firm, is pleased to have advised 51job, Inc. ("51job"), a leading provider of integrated human resource services in China, in relation to its take-private transaction. The transaction completed on 6 May 2022 at an implied equity value of US$4.3 billion making it as one of the largest take-private transactions for a US-listed Chinese business so far this year.
The take-private transaction was completed as a Cayman Islands statutory merger, under which the existing shareholders of 51job had their shares cancelled in exchange for merger consideration of US$61.00 per share. As a result of the merger, 51job has become a privately held company and de-listed from NASDAQ Global Select Market.
The investor consortium included DCP Capital Partners II, L.P., Ocean Link Partners Limited and Mr. Rick Yan, the Chief Executive Officer of 51job. Recruit Holdings Co., Ltd., the largest shareholder of 51job, also participated in the transaction with the investor consortium.
A team of corporate lawyers based in the firm's Hong Kong office acted as Cayman Islands counsel to 51job and was led by Corporate Partner, Richard Spooner with assistance from Corporate Associate, Vivian Lee.
Simpson Thacher & Bartlett and Jun He Law Offices acted as US and PRC legal counsel respectively to 51job, while Davis Polk & Wardwell acted as US legal counsel to its Special Committee. Paul, Weiss, Rifkind, Wharton & Garrison, Kirkland & Ellis and Weil, Gotshal & Manges acted as international co-counsels to the investor consortium, with Fangda Partners acting as its PRC legal counsel. Sullivan & Cromwell acted as legal counsel to Recruit Holdings Co., Ltd.
Related Services
Corporate
Related Contacts
Related Articles
-
-
Maples Group Advances AI Strategy with Global Rollout of Harvey AI Partnership
11 Mar 2024
-
Announcements
Maples Group Announces 2024 Global Partner and Of Counsel Promotions
20 Feb 2024
-
Announcements
Maples Group "Top Class" and "Go to Firm" According to 2024 Chambers Global Guide
15 Feb 2024
-
Deals
Maples Group's Luxembourg Corporate Team Act on Business Intelligence Acquisition for Creditsafe
22 Jan 2024
-
-
Announcements
Maples Group Leads the 2024 Legal 500 Caribbean Guide with Most Tier 1 Rankings
13 Nov 2023
-
Announcements
Maples Group Celebrates Strong Ties between Japan and its Multi-Jurisdictional Global Network
26 Oct 2023