Houlihan Lokey Advises Redarbor
Houlihan Lokey is pleased to announce that Redarbor (Redarbor or the Group), a Spanish company with a leading position in the online job ads and HR tech market in Latin America, has acquired two of the best-known job ads brands in Brazil and Mexico—Catho and OCC, respectively—owned by the Australian listed employment marketplace company SEEK. Redarbor has made an agreement with Vitruvian Partners to fund these acquisitions and support the future growth of the Group, becoming a significant minority shareholder of Redarbor. This triple transaction underscores Houlihan Lokey's success in advising on complex deals with a global scope. The transactions closed on 20 June 2024.
Redarbor is the leading HR tech group in Latin America and the second largest group of job ads in the world, with a presence in more than 20 countries and headquartered in Barcelona. Founded in 2013 by entrepreneur David González Castro, previously co-founder of Anuntis (now Adevinta Spain), Redarbor operates the websites Computrabajo and Infojobs Brazil, along with the human resources software for talent acquisition and management, Pandapé. The Group has 10 offices worldwide and employs over 600 people.
Redarbor has completed the acquisition of 100% of the job portal Catho, which operates in Brazil, and OCC, which operates in Mexico, from the Australian job site group SEEK. The transaction, valued at $85 million, consolidates Redarbor's position in Latin America.
Headquartered in Melbourne, Australia, SEEK is one of the world's leading job search marketplace companies and has been listed on the Australian Securities Exchange since 2005. SEEK has been helping people live productive and fulfilling working lives and assisting businesses in achieving success. The international company operates in Australia and New Zealand, Hong Kong SAR, and Southeast Asia and holds minority investments in China and South Korea.
This strategic transaction allows Redarbor to double its expected revenues for 2024 to around €120 million and to strengthen its presence in Brazil and Mexico, markets with significant growth opportunities. Both portals will retain their brands and continue to operate independently.
Vitruvian Partners has joined Redarbor as a new shareholder with a significant minority stake. Vitruvian Partners provides the necessary financial resources and extensive experience in internet and software to accelerate the Group's growth.
Vitruvian Partners is an international private equity investor with offices in London, Madrid, Miami, Stockholm, Munich, Luxembourg, San Francisco, Singapore, Mumbai, and Shanghai, focused on high-growth companies and supporting top-tier entrepreneurs and management teams. Vitruvian Partners manages $16 billion in assets and has supported many global leaders in consumer internet technology such as Just Eat, Skyscanner, Trustpilot, Wise, Vestiaire Collective, Global-E, EasyPark, Fever, and Civitatis, as well as in software and other leading technologies like Darktrace, WalkMe, Snow Software, CRF Health, Ebury, and Bitdefender.
Houlihan Lokey acted as the exclusive financial advisor to Redarbor, advising the Group on all aspects throughout these transactions. These transactions, completed across three different continents, underscore Houlihan Lokey's robust global coverage network and expertise in managing complex M&A transactions across various geographies through sector specialization, local coverage, and global presence.
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