We have advised Alma Media, a Helsinki-listed media group focusing on digital services and journalistic content, on its acquisition of the remaining shares in Alma Career Oy.
Alma Media Corporation has acquired a 16.66% minority shareholding in Alma Career from Monster Worldwide, part of Randstad Group. The purchase price is €58.5m(16.66% of the enterprise value). Simplifying the ownership structure will clarify and support the development of Alma Career’s recruitment business in accordance with Alma Media’s strategy.
Alma Career Oy was established in 2013 when Alma Media Corporation and Monster Worldwide Inc. agreed to strengthen their cooperation to cover Eastern Central Europe and the Baltic countries. Alma Career Oy has operated as the parent company of the Alma Career Group, which includes recruitment companies in ten European countries. Its recruitment services include the leading recruitment companies operating in Eastern Central Europe, such as LMC in the Czech Republic, Profesia in Slovakia, MojPosao in Croatia, CV Online in the Baltic countries and Kolektiv in Bosnia and Herzegovina.
