S&C Advises International Managers in Recruit Holdings Co., Ltd.'s $2.2 Billion Global Offering

September 21, 2016

S&C represented the international managers in Recruit Holdings Co., Ltd.'s approximately ¥218 billion ($2.2 billion) global offering of common shares. If the Japanese overallotment option is exercised in full, the offering size will be approximately ¥230 billion (approximately $2.3 billion). The global offering consisted of a public offering in Japan and an international offering outside Japan in reliance on Rule 144A and Regulation S. S&C previously advised the underwriters in Recruit's IPO in October 2014. Each of the international offering and the Japanese offering consisted of all secondary shares.
 
Recruit is the leading marketing media platform and HR-related service provider in Japan. It connects enterprises and people by offering a variety of information and services through its distinctive and widely recognized platforms on the Internet and through high circulation paper magazines, as well as through face-to-face interactions.
 
The S&C Tokyo-based team was led by Messrs. Akai and Hatano.