LEXTAL advised HeadHunter Group on the sale of 100% shares of CV Keskus OÜ, operator of leading job classifieds sites cvkeskus.ee in Estonia, cvmarket.lv in Latvia and cvmarket.lt in Lithuania, to Ringier Axel Springer Media AG.
HeadHunter Group is the leading online HR solutions company operating in Russia, Ukraine, Belarus, Kazakhstan, Azerbaijan, Georgia, Uzbekistan and Kyrgyzstan. The company’s largest asset is HeadHunter website owning the database that comprises 300 thousand open vacancies and 24 million resumes. The lead investor in HeadHunter Group is Elbrus Capital (http://elbcp.com/).
Ringier Axel Springer Media AG is the joint venture of Swiss Ringier AG and the German Axel Springer SE. The company operates in the growth markets of Poland, Hungary, Serbia and Slovakia with a broad range of media services, comprising more than 160 digital and print offerings.
LEXTAL provided to HeadHunter Group full legal support during the sale process, including management of the due diligence process and administration of virtual data room, drafting and negotiating of the share sale-purchase agreement and other transaction documents.
The project was led by LEXTAL partners Ants Karu and Kristi Sild.
Please see the press release from https://hh.ru/article/504204.