Adevinta ASA (ADE) has announced the completion of the sale of its 76.2% stake in InfoJobs Brazil, the largest jobs marketplace in Brazil, to Redarbor, the leading company in job marketplaces in Latin America with the purpose of connecting companies to top talent across the region.
The sale of InfoJobs Brazil to Redarbor is part of Adevinta’s “Growing at Scale” strategy, announced in November 2021. Adevinta is focusing its portfolio to drive growth in its five core European markets and accelerate innovation across its products and services.
InfoJobs Brazil was launched in 2004 as Infoemprego by David González Castro, and relaunched as Infojobs Brazil in 2007 by the joint venture then formed with Schibsted. It is the most-used employment website in Brazil, with more than 44 million candidates registered across the platform and an average of 12 million unique monthly visitors in 2021.
Founded in 2013 by David González Castro, Redarbor, the main shareholder of Computrabajo, is the leading provider of integrated job solutions that helps bring together companies with talented candidates, using technology to optimise the job search process. The business is well-established in Latin America with presence across 25 countries and over 35 million monthly active users.
The combined Computrabajo and InfoJobs Brazil business will create a regional leader in online job marketplaces, with a significant base of regular active users. Bringing the two companies together connects an even larger pool of candidates to potential employers looking to find the best talent across Latin America. Following the transaction, David González Castro will be the main shareholder of the combined business.
David González Castro, CEO and Founder of Redarbor, said: “With this operation, Redarbor, adding Infojobs Brazil to Computrabajo, consolidates its leading position in job marketplaces in Latin America. I am very confident in the success of this acquisition because of the great potential I see in Infojobs Brazil, together with Computrabajo and our software HR solutions. I want to thank Schibsted, Adevinta and Rolv Erik for all these years of enriching partnership.”
Cuatrecasas advised Redarbor with a Barcelona office Corporate/M&A team including partner Miguel Trías, associate Santiago Casas and principal associate Xavier Morera, along with a Tax team comprising partner Joan Hortalà and senior associate Pablo Espólita.