Beisen Holding Limited (HKEX: 09669, "Beisen Holding") recently acquired 100% equity interest in Kuxuan (Beijing) Technology Co., Ltd. ("Cool College"). The selling shareholders include the founding shareholders and management team of Cool College, as well as Qiming, Yunqi, Cathay, Source Code and Huagai. As legal counsel to Cool College and its founding shareholders and management team, JunHe assisted Cool College in reaching a cross-border M&A transaction with Beisen Holding.
Cool College is an internet business service provider dedicated to the growth of talent and business through technological innovation. It provides learning solutions integrating "SaaS + content + operational services." Cool College is a leading supplier of learning management system SaaS, and collaborates with large domestic office platforms such as DingTalk, Feishu and WeCom. It has almost 4,000 paying clients, 20 million users and a top ranking in DingTalk Mall’s training product category for 18 consecutive months. Beisen Holding was established in 2002 and is a leading human resources technology company that provides integrated HR SaaS services to medium and large enterprises. It was listed on the Hong Kong Stock Exchange in 2023 and is the only listed HR SaaS company in China.
JunHe provided comprehensive and high-quality legal services in the project, including the design of the transaction plan, the review and negotiation of the bilingual transaction documents, and advised on the closing matters. The JunHe team closely cooperated with all parties to the transaction and leveraged their extensive experience in similar projects and their solid expertise to assist in the successful completion of this project. They received unanimous high recognition and praise from the client and the other parties involved.
Partner HE, Tingcai (Lawrence HO) led the JunHe team and partner CHANG, Yuhao provided great support for the labor law related matters.