Mail.ru Group failed to sell HeadHunter

The Mail.ru Group company today told investors that the HeadHunter service will not be sold, RBC reports . Back in mid-November last year, the owner of HeadHunter announced that the service would be sold for 9.85 billion rubles. a consortium of investors led by Elbrus Capital . Under the terms of the contract, the transaction was to be closed in the first quarter of 2015.

However, the consortium failed to attract money to buy the asset, since the search was carried out abroad, and in the current crisis in the Russian Federation, Western investors were not ready to invest heavily in the purchase of large Russian assets.

Note that in 2013, HeadHunter revenue amounted to 2.756 billion rubles. In 2014, this figure amounted to 2.78 billion rubles. Unfortunately, the income for the first quarter is not specified yet.
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As for the Elbrus Capital consortium, last year the organization managed to attract $ 550 million to the direct investment fund. In addition, funding was agreed for another $ 159 million from private foreign investors from the United States. In January of this year, Elbrus Capital acquired a 27% stake in the TsIAN Group. This company manages the well-known search service cian.ru. The size of the deal has not yet been disclosed, but according to some information, it was after this deal that Elbrus Capital was unable to acquire HeadHunter.