Mail.Ru Group has entered into an agreement to sell 100 percent of the personnel of the Internet service HeadHunter consortium of investors led by “Elbrus Capital” for 9.85 billion rubles. This is said in a statement.
The transaction is expected in the first quarter of 2015 and requires the approval of third parties.
Mail.Ru Group owned business HeadHunter for the past six years. During this time, the monthly service attendance has grown from four to 14 million unique visitors, resume database – from three to 14.5 million base of vacancies – from 70 to 360 thousand.
At the same time came to the markets HeadHunter Belarus (2010) and Azerbaijan (2012).
In 2013, revenue totaled HeadHunter 2.756 billion rubles, EBITDA (earnings before taxes and write-offs) – 1.357 billion rubles. During the first 9 months of 2014 revenue and EBITDA amounted to 2,325 billion and 1,183 billion rubles, respectively.
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