Primavera-led consortium takes control of Zhaopin
A consortium led by Primavera Capital has agreed to acquire a controlling position in Chinese recruitment website Zhaopin at an implied valuation of A$2.2 billion ($1.7 billion).
Existing investor FountainVest Partners and Zhaopin’s management are part of the consortium, which will take a 76.5% stake in the company. Australian recruitment player Seek International expects to...
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