Shearman & Sterling advised Symphony Technology Group (STG), a private equity firm focused on investing in software, Internet services and technology-enabled business services, on its acquisition of Jobrapido, the job search engine division of the Daily Mail Group’s digital recruitment business (known as Evenbase). The terms of the deal were not disclosed. The acquired division will be an independent portfolio company under Symphony Technology Group.
With presence in 58 countries, Jobrapido is the second largest global player in the growing job aggregator segment, providing a one-stop platform for job-seekers to connect with employers.
Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and building great technology and services companies. In addition to capital, STG provides transformation expertise to enable its companies to deliver maximum value to their clients, to drive growth through innovation, to retain and attract the best talent and to achieve best in class business performance. STG’s current portfolio consists of 15 global companies.