Elbrus Capital Leads the Acquisition of Mail.Ru Group’s Shares in HeadHunter (CEE and CIS)
Source: Mail.Ru Group
A consortium of investors led by Russia and CIS-focused private equity firm Elbrus Capital has agreed to acquire Russia-based online recruitment company HeadHunter from London-listed Russian internet company Mail.Ru Group for RUR9.85 billion (approximately US$208 million). Following the deal, the company intends to build up its mobile platform, launch new products and enter new markets. The acquisition is subject to third-party approval and is expected to close in the first quarter of 2015.