January 1, 2013
Digital Media and Media
Thomas Egli, Daniel Fritz, Alexander Grünwald
GCA Altium acted as XING’s exclusive financial adviser on the 100% acquisition of kununu, the leading employer review platform in Europe.
XING is the operator of the leading business network in German-speaking countries with more than 12 million members worldwide. XING will make revenues of over €73m with an EBITDA of €22m in 2012E. XING is listed on the German stock market with a market cap of €230m.
kununu is the leading employer review platform in Europe with around 3 million page impressions per month. kununu gives employees, former employees, trainees and interns the opportunity to rate their employer in various categories such as working environment, promotion opportunities, and salary.
kununu gives an inside look into what it’s like to work at over 50,000 employers in Germany, Austria and Switzerland. The company was founded in 2007 and employs 30 people in Vienna.
XING’s acquisition of the leading employer review platform will add a key dimension to the value chain of its e-Recruiting business.