Evenbase accelerates global growth plans with Jobrapido acquisition
April 2012. Digital recruitment group Evenbase announced the acquisition of Jobrapido, one of the world’s largest job search engines. This move catapults Evenbase into the top five digital recruitment brands globally. Corporate Finance Partners – now ACXIT Capital Partners – acted as the exclusive adviser to Jobrapido’s shareholders.
The deal provides Evenbase and its brand portfolio – which includes Jobsite, OilCareers and Broadbean – with access to one of the world’s largest candidate audiences and the ability to move more swiftly into new international markets. Established in 2006 by Vito Lomele who remains chief executive, Jobrapido is currently the second largest international job search engine in the world, delivering 660m visits per year in more than 50 countries and 16 languages. Its head office is in Milan, Italy.
“I’m absolutely delighted to secure such an asset for the group. Candidates are, and will always be, the raw material for recruitment. Jobrapido gives us access to this raw material on a global scale and supercharges the transformation of our business model. In addition, there are significant opportunities for our existing portfolio of brands including economies of scale, entry to new markets, increased ability to capture CV’s, and attractiveness as a partner to international corporations. Take Jobsite, for example. These synergies will position that brand as the clear number one in the UK market. Just as valuable to us are Vito Lomele and the Jobrapido team who are exactly the savvy, innovative and passionate people we love to work with. Their success in six short years speaks volumes.”
– Keith Potts, CEO Evenbase
“Our short and intense history has seen us grow from a self funded local operation to a successful international business ready for its next stage of growth. As Jobrapido enters this new phase, I am convinced we couldn’t find a better partner for consolidating our international reach than Evenbase with its global brand and client base. With Evenbase we gain the backing of a global group such as DMGT, as well as the vivid entrepreneurial spirit and the deep industry knowledge of Keith Potts and his team. And to top it all off, there are market synergies that can be activated immediately.”
– Vito Lomele, CEO Jobrapido
Under the terms of the deal, Jobrapido will be integrated into the New Ventures division of Evenbase which is led by divisional managing director Ray Duggins. Day to day business will not change with Jobrapido retaining its own identity, employees and management team led by Vito Lomele. Joining the Jobrapido board will be Evenbase’s Keith Potts and Ray Duggins as chairman and director respectively.
Evenbase is a global digital recruitment group which includes flagship brands such as Jobrapido, Broadbean, Jobsite and OilCareers, and technology partnerships such as NHS Jobs, Northcliffe Media and Johnston Press. The company discovers and develops intelligent recruitment services that revolutionize the matching of talent with opportunity and make the recruitment process better for everyone involved. This focus drives synergies between the four business areas of Job boards, Business solutions, Recruitment software and New ventures.
Evenbase’s portfolio currently spans 55 countries, includes a network of over 60 recruitment sites and employs more than 330 people. They have offices in North America, United Kingdom, United Arab Emirates and Australia, with aggressive plans in place for further expansion. Evenbase is part of A&N Media, the consumer media division of DMGT plc. (www.evenbase.com)
Jobrapido is one of the largest job search engines in the world, delivering 660m visits per year in 16 languages to more than 50 countries. As the leading job search engine in Europe and Latin America, Jobrapido also has a rising presence in the United States. The company helps job seekers around the world search millions of jobs gathered from over fifty thousand sources, including job boards, classifieds sites, recruitment agencies, employer site. Jobrapido helps companies reach millions of job seekers via pay-per-click advertising services. Jobrapido was founded in 2006 and is based in Milan, Italy. (www.jobrapido.com)
ACXIT Capital Partners is a leading independent corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, equity/debt and strategic advisory. As an independent, privately owned firm we maintain offices and representations in Frankfurt, Berlin, Munich, Leipzig, Zurich, Hong Kong and New York, as well as strong alliances in France, China and India. (www.acxit.com)
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