The German online job platform StepStone has acquired a majority stake in one of the country’s biggest compensation analysts, PersonalMarkt, to position itself as an expert in providing information relating to HR and careers. Further details of the agreement and financial terms of the deal were not disclosed. Advisers to PersonalMarkt were SORTIS’ partners in the Globalscope M&A Advisors network – CatCap, a corporate finance consultancy firm providing financial consultancy and investment advisory services to small and medium-sized companies.
PersonalMarkt offers solutions and services as a remuneration analyst to both employers and employees. The company has more than 1,000 customers and operates two websites, Gehalt.de and Gehaltsvergleich.com, and a platform called Compensation Partner. Through the websites, PersonalMarkt provides detailed information on salaries and publish vacancies for employees, where Compensation Partner is used to help employers in all sectors to check compensation structures against current market standards. Commenting the acquisition, Dr Philip Bierbach, founder and managing partner of PersonalMarkt, said “As part of StepStone, we will now take the next step and continue to work hard to grow the business in the coming years”.
StepStone is a leading online recruiting platform used to accurately match the best candidates with the best positions and companies. The company has more than 3,000 employees in 24 countries. Along with its own platform, StepStone also operates online job sites in other countries as well. The platform is used by more than 60,000 companies all over the world to successfully recruit qualified specialists and executive staff. StepStone’s clients vary from small local players to big global corporations across all industry sectors. “Together with PersonalMarkt, StepStone will position itself more strongly and broadly as an expert and provider of information relating to HR and careers,” said Dr Sebastian Dettmers, managing director of StepStone.