M&A Deal Summary

Elbrus Capital Acquires HeadHunter Group

On February 26, 2016, private equity firm Elbrus Capital acquired staffing company HeadHunter Group from Mail.ru Group for 10.0B RUB

Acquisition Highlights
  • This is Elbrus Capital’s 1st transaction in the Staffing sector.
  • This is Elbrus Capital’s largest (disclosed) transaction.
  • This is Elbrus Capital’s 13th transaction in Russia.
Investment Fate
  • HeadHunter Group went public in 2019.

M&A Deal Summary
Date 2016-02-26
Target HeadHunter Group
Sector Staffing
Buyer(s) Elbrus Capital
Sellers(s) Mail.ru Group
Deal Type Divestiture
Deal Value 10.0B RUB

Target

HeadHunter Group

Moscow, Russia
HeadHunter Group is an online recruitment company operating in Russia, Ukraine, Belarus, Kazakhstan, Azerbaijan, Lithuania, Latvia, and Estonia. HeadHunter’s largest asset is the hh.ru website owning the database that comprises 300 thousand open vacancies and 19.7 million resumes. 500 thousand users receive job interview invitations via hh.ru every week. HeadHunter Group was founded in 2000 and is based in Moscow, Russia.

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Buyer(S) 1

Buyer

Elbrus Capital

Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Elbrus Capital is a Russian private equity firm focused on acquiring controlling stakes in high-growth companies looking to expand in the 'post-crisis environment'. Elbrus has a special interest in businesses 'driven by changing consumer patterns, increased expenditures at healthcare and education, business and societal infrastructure investments and growing support services to the natural resources industry.' Target transaction situations can include growth financings, industry consolidation, and buyouts. Elbrus Capital was formed in 2007 and is based in Moscow.

DEAL STATS #
Overall 14 of 20
Sector (Staffing) 1 of 1
Type (Divestiture) 1 of 2
Country (Russia) 13 of 16
Year (2016) 2 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Moscow Brewing

Moscow, Russia

Moscow Brewing is a beer and soft drinks manufacturer with major market positions in Russia, and international beer and soft drinks markets. The product portfolio comprises several dozens of mainstream and craft beer brands, including Zhiguli and Khamovniki. Moscow Brewing is based in Moscow, Russia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-26 Busfor.pl sp. z o.o.

Katowice, Poland

Busfor.pl sp. z o.o. is an online ticketing platform for long-distance bus tickets in Russia and CIS.

Buy -

Seller(S) 1

SELLER

Mail.ru Group

Limassol, Russia
Category Company
Founded 1998
Sector Internet Software and Services
Revenue 132.8B RUB (2023)
DESCRIPTION

Mail.ru Group is an Internet company in the Russian-speaking world and the leading Internet company in Russia, based on global monthly unique users. Mail.ru Group was founded in 1998 and is based in Limassol, Russia.

DEAL STATS #
Overall 2 of 4
Sector (Staffing) 1 of 1
Type (Divestiture) 2 of 4
Country (Russia) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-26 Money.Mail.Ru

Moscow, Russia

Money.Mail.Ru is a payment system allowing users to make instant payments for goods and services via web interface or apps. The company was founded in 2009 and is based in Moscow, Russia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-25 GeekBrains

Moscow, Russia

GeekBrains is an online learning platform for developers. GeekBrains has a monthly audience of 500,000 users. Over the last 12 months, the number of registered GeekBrains users has increased from 200,000 to a million.

Buy -
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