Latham & Watkins has advised HeadHunter Group PLC, an online recruitment platform operating in Russia and the Commonwealth of Independent States, on the USD 253 million initial public offering of its American Depositary Shares.
All shares in the offering were sold by HeadHunter’s controlling shareholders, Highworld Investments Limited, a subsidiary of Elbrus Capital, and ELQ Investors VIII Limited, a subsidiary of The Goldman Sachs Group, Inc. The joint book-running managers of the offering were Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC. HeadHunter’s shares are listed on the Nasdaq Global Select Market and trade under the symbol HHR.
HeadHunter is the first Russian IPO on a US exchange since 2013. HeadHunter connects job seekers with employers, offering access to a CV database and job postings platform, among other activities. The company has processed over 1 billion job applications since 2013.
The Latham & Watkins team was led by Moscow-based Partner David Stewart and London-based Partner David Boles, and included Associates Jenna Gascoyne, Sarah Youssefi, Ade Ogunsanya, Ekaterina Pavlyuchenko and Alexandra Samsonova.