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HeadHunter declares hunting for the Russians

HeadHunter declares hunting for the Russians

The HeadHunter portal became the strategic partner of the All U Need Company, owning the AllJobs.co.il recruiting resource, leading in the Israeli market. HH plans not to scale down and to extend its expansion into all countries, where the Russian-speaking population percentage is high. Some of the market participants believe, the transaction aim is to increase the company’s plough back before the sale. Its main competitor SuperJob is ready to purchase the given company.
HeadHunter has entered the Israeli market. The Company announced buying 20% of the All U Need Company. It is the owner of the AllJobs.co.il recruiting portal, founded in 2004, with 500 thousand users monthly and leading in the local market. Arkadi Sandler, HeadHunter Development Director told CNews, the transaction charge was $ 2.5 mln. In the near future HH share in All U Nees is to become controlling.

According to Arkadi Sandler, even before the transaction was concluded the information exchange between the portals was carried out. There are no plans to merge the portals, however “each one is to adopt the advantages of the other”.

HH intends to continue its expansion into all the territories, where the Russian population percentage is rather high, Mr. Sandler says. Those regions are of interest, where the internet penetration level is rather high and headhunting is well developed. The territories not meeting the mentioned requirements will also be penetrated into, but not so actively, and most likely not through the local organizations purchase, but opening its representation offices.

The market participants do not exclude the possibility of carrying out the transaction to improve the company’s position before the sale. “The companies are unlikely to get any synergetic effect. Most likely, that is an attempt to increase the company’s plough back to sell it in the future to a strategic investor”, - Alexey Zakharov, SuperJob Recruiting Agency President believes. He says after the Russian market gets more saturated and the growth existing at present stops, SuperJob might become such a buyer.

At the same time Arkadi Sandler says at present HeadHunter is more expensive, than SuperJob, and he is sure HH is more likely to buy SuperJob. Mr. Zakharov answers, SuperJob has profound interested investors, ready to sponsor HH purchase. However, at present the market participants note there is no sense in a merger, as that might seriously hamper the market development, while for HeadHunter and SuperJob, demonstrating satisfactory growth rate, there are no serious prerequisites for consolidation.

HeadHunter (hh.ru) has been operating in the internet recruitment market since 2000. More than 40 thousand people visit the site daily. Our clients are recruitment agencies and more than 20 thousand direct employers. HH representation offices operate both in Russia and abroad. In 2005 the company entered the Ukraine and Kazakhstan markets. In 2006 HH turnover amounted to $ 6mln. More than 800 thousand resumes are presented on the site and about 55 thousand vacancies.

SuperJob - the leading on-line recruitment web-site in Russia, also represented in Ukraine and other CIS countries. With over 200 000 job seekers and 50 000 employers visiting daily. Over 10 000 qualitative resumes of professionals are placed at SuperJob daily.

CNews

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