Jobboard Enterprises Ltd has been acquired by Dice Holdings Inc
July 2013 — SThree Group plc (SThree) has sold its online platform, The IT Job Board, to Dice Holdings Inc. (Dice), a leading provider of specialized websites for professional communities. Dice has purchased the outstanding shares of Jobboard Enterprises Ltd, the corporate entity of The IT Job Board, for an initial consideration of US$15.5 million. Additional consideration up to a maximum of US$3.5 million is payable upon the achievement of certain financial targets ending in 2014.
The IT Job Board simplifies IT job searches through a network of tech career sites spanning the UK, Germany, Belgium and Holland and the strength of the company’s technology platform and database have been key drivers of growth.
Dice Holdings Inc. is a leading provider of specialized websites for professional communities including technology and engineering, financial services, energy, healthcare and security clearance. It provides customers with access to high-quality, unique professional communities and offers those communities access to highly relevant career opportunities and information, serving markets in North America, Europe, Asia and Australia. The acquisition allows Dice to expand into new markets, create more growth opportunities and better serve its global customers.
SThree was founded in 1986 and is the parent company of various organically grown recruitment brands including Computer Futures, Progressive Recruitment, Huxley Associates and Real Staffing Group. Its subsidiaries specialize in ICT, engineering and energy, pharmaceuticals and biotechnology, banking and accountancy and finance recruitment services.
Our role in the transaction
Oaklins Cavendish, based in the UK, advised the seller in this transaction. Our team focused exclusively on potential international buyers as they would offer the best strategic fit. This transaction illustrates the debate in the sector at the moment about whether online recruiters work best as standalone businesses or can be equally effective as part of recruitment companies.
Talk to the deal team
Lord Leigh of Hurley
Oaklins Cavendish
Related deals
Nymann Kloak- & Miljøservice has been acquired by Serwent Group
Nymann Kloak- & Miljøservice has been acquired by Serwent Group. The acquisition expands Serwent’s footprint in Denmark while broadening its service offering and strengthening capacity across its existing platform. This transaction further supports Serwent’s ambition to become the leading Nordic operator in underground infrastructure maintenance.
Learn moreGeralseg Internacional has divested 80% of Geralseg to Horizon Equity Partners
The shareholders of Geralseg have successfully divested an 80% stake in the company to Horizon Equity Partners. Horizon’s investment will support Geralseg in its next phase of strategic growth, focused on capturing market opportunities driven by rising demand for electronic security solutions, strengthening its technical and service capabilities and consolidating its expansion across Portugal.
Learn moreTA Associates has completed a sell-down of its stake in Eurowag
TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).
Learn more