COBALT advised purchase of CV-Online

COBALT advised NASDAQ OMX Helsinki Exchange listed Alma Media Corporation on purchase of 100% shares of CV-Online, the leading internet recruitment service company in the Baltic countries. The parties have agreed not to disclose the value of the deal. As of February 2 the company will be reported as part of Alma Media’s Marketplaces segment. Project team included partner Peeter Kutman and senior associate Ave Piik .

The acquisition of CV Online is part of the implementation of Alma Media’s strategy, according to which the company seeks growth from digital services and internationalisation. Alma Media announced on December 21, 2011 that it will purchase the company LMC s.r.o that owns the leading recruitment portals in the Czech Republic. The deal was closed on January 2, 2012.