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New Deal


Announced

Affinity Equity to acquire JobKorea from H&Q Asia Pacific for $709m.

Financials

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Transaction Value£501m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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online recruitment platform

Online and Social Platforms

Private Equity

Friendly

Acquisition

Majority

Single Bidder

South Korea

Cross Border

Private

Pending

Synopsis

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Affinity Equity, a private equity firm, agreed to acquire JobKorea, an operator of an online recruiting company in Seoul, from H&Q Asia Pacific, an Asian private equity firm, for $709m. The sale of JobKorea will offer H&Q an opportunity to exit the recruitment portal with more than a fourfold gain from its investment.

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