Transaction

Transaction Details

Closed
June 28, 2017

Sector

Consumer / Retail / E-commerce / Leisure, E-commerce

Deal Type

Mergers and Acquisitions

Deal Value

N/D

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GCA Advises Grupa Pracuj on Its Sale of a Minority Stake to TCV

We are pleased to announce that GCA and Trigon advised the Pracuj Group (Grupa Pracuj), a leading provider of human resources solutions, on its sale of a minority stake to TCV, a provider of growth equity capital for technology companies.

With more than 17 years of experience in the online recruitment market, the Pracuj Group oversees four brands that help companies recruit, retain, and develop employees in Central Europe. The Pracuj Group’s products are used by 40,000 businesses annually, and over a million people have found a job through its job boards.

The Pracuj Group intends to use the funding to fuel international expansion and expand its product suite. As part of the investment, John Doran and David Yuan, General Partners at TCV, will join the company’s supervisory board.

Przemysław Gacek, President of the Pracuj Group’s Management Board, said: “We look forward to working with TCV as we continue to develop and further expand our business. TCV brings decades of sector knowledge and deep experience in helping companies scale. We welcome their expertise as we continue to grow Pracuj Group’s core businesses and expand successful SaaS solutions.”

John Doran, General Partner at TCV said: “The Pracuj Group is a great example of the type of company TCV looks to invest in. Led by Przemysław Gacek, the company has established itself as a market leader across Central Europe and shows incredible potential for further growth and international development. We look forward to working alongside the founders and the Pracuj Group’s management team to support the acceleration and growth of its human resource solutions.”

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