Brown Gibbons Lang & Company announced today the sale of the leading Switzerland-based online job provider, jobs.ch to Tiger Global Management, LLC, a New York-based hedge and private equity fund.
Launched in only 1999, jobs.ch is one of Europe’s most comprehensive and most reputable online recruiters. Jobs.ch is the most well-known job portal for recruiting, careers, and further education, focused largely on the Swiss market. With over 28,000 jobs from over 6,000 companies and more than 350,000 unique visitors per month, jobs.ch is the most widely used and fastest growing online job recruiter in Switzerland for all branches of employment and industry.
Switzerland-based Global M&A partner, Zetra International and BGL teamed up to manage this notable deal. BGL’s knowledge within the online recruiting space added significant value to the transaction, while Zetra handled the Swiss-based workload. BGL and Zetra together organized a joint, two-continent team to provide analytical, research, financing and modeling support required for a transaction of this scope.
Tiger Global Management, LLC, ultimately prevailed over numerous other prospective bidders, purchasing jobs.ch for an undisclosed amount.
Michael Gibbons, senior managing director & principal at BGL, stated, “We were able to seamlessly work with our Global M&A partner, Zetra International, and deliver an exceptional financial partner for the management team. Jobs.ch is a very reputable company with extraordinary EBITDA margins, making it an ideal company to market globally to leading strategic buyers. In the end, Tiger Global Management, LLC prevailed, marking another significant, global add-on for Tiger’s growing portfolio of online recruiting companies.”
Global M&A is the world’s leading partnership of independent middle market financial advisory firms focusing on cross-border transactions with values between $25 and $500 million. The partnership consists of over 30 partners located in major financial centers spanning the globe. Global M&A firms have completed more than 1,000 transactions with an aggregate deal value exceeding $25 billion since 2000. For more information, please visit www.globalma.com.