HeadHunter sold shares to a new investor

HeadHunter, an online recruiting company, has sold a minority stake in its shares to the private equity fund Digital Sky Technologies. The transaction took place after HeadHunter bought out its own assets from the former minority shareholder - RBC Information Systems. The amount of transactions is not mentioned.

Before the sale of Digital Sky Technologies shares, the company was owned by private individuals, according to a press release from HeadHunter. Its turnover in 2006 was almost $ 6 million, more than double the previous year. According to the company, its client base contains about 28 thousand organizations that have posted about 60 thousand vacancies on the website hh.ru. The number of resumes on it reaches 700 thousand. Recall, the HeadHunter business model is built on the sale of information from the resume database.

Commenting on the deal, Digital Sky Technologies president Yury Milner said that his foundation was impressed with the HeadHunter management team, "who managed to build a leading e-recruitment company." HeadHunter CEO Yuri Virovec noted, in turn, that an investor came to the company who knew the specifics of Internet business models. In his opinion, this will positively affect the development of the electronic market as a whole.