HeadHunter.ru buys Job.ru and plans IPO

HeadHunter
HeadHunter

HeadHunter has announced the conclusion of the purchase transaction of the oldest of services for job search and recruitment Job.ru in the Russian market. It is expected that the transaction will be closed in January 2018, as stated in a press release HeadHunter. The transaction amount was not disclosed.

At www.job.ru corresponding message is already posted and commincated the closure of the wite site. Employers and job seekers are offred visit HeadHunter.ru site. Job.ru user profiles will be moved to the HeadHunter system after completion of the transaction.

“The decision of the shareholders of “Pronto-media” to stop further development of all online assets in Russia gave us the opportunity to purchase part of the assets – in Job.ru we saw the greatest value for the company and our customers”, – commented on the deal General Director of HeadHunter, Mikhail Zhukov.

In November, the company Trader Media East (TME), the sole owner of the sites job.ru and irr.ru (“hand to hand”), announced that websites will be closed. The company considered the possibility of transferring the business to prospective investors, but failed to agree with them.

Trader Media East is owned by the Turkish media group Dogan Yayin. Company specialized on  classifides (editions with a large number of private ads). The only asset of TME is the company “Pronto-media holding”, which owns the sites irr.ru, job.ru and other online platforms with ads.

In the most recent ratings of Mediascope audience irr.ru and job.ru are not specified. As of September 30, 2017 consolidated revenues of the company “Pronto-media holding” totaled $5.8 million with a net loss of $19.6 million.

HeadHunter working in the field of online recruitment since 2000. Headwunter resource available in Russia, Ukraine, Belarus, Kazakhstan, Azerbaijan, Georgia, Uzbekistan and Kyrgyzstan.

The current owner of the HeadHunter – private equity Fund “Elbrus capital”, which bought the company in 2016 fron Mail.ru for over 10 billion rubles. Company is thinking about an IPO this year, as per Reuters report with three sources in the financial market. According to one of them stock may be issued in the United States.

Monthly traffic is 19 million unique visitors, resume database – over 20 million, the base of vacancies – 300 000. HeadHunter is ranked third in the world in popularity in ranking sites in the field of employment according to the platform web Analytics, SimilarWeb, the website of “Elbrus capital”.

The HeadHunter company exists since 2000 (the original name of the National Job Club). In 2007, 24.5% of its shares were acquired for $15 million by Digital Sky Technologies (DST) Yuri Milner and Alisher Usmanov — the whole HeadHunter company was estimated at $61.2 million. In 2008 DST bought another 12% for $11 million, and a year later — of 56.61% for $37.5 million. In 2010, DST was renamed to Mail.ru Group and placed its shares on the London stock exchange, and in 2012 brought a stake in HeadHunter to 100%.

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