Recruit Holdings Co. Ltd. on March 5 closed its deal to acquire 92.91% of Quandoo GmbH for a transaction value of €198.6 million.

The company offered €2,819.43 per share for the stake.

Merrill Lynch Japan Securities Co. Ltd. was the financial adviser for Recruit Holdings, and Hengeler Mueller Partnerschaft von Rechtsanwälten mbB and Mori Hamada & Matsumoto LPC were the legal advisers.