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Olson PE fund picks up 5% stake in CandyDate Jobs

03-28-2011 12:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: CandyDate Jobs

CandyDate Jobs

CandyDate Jobs

Singapore based Olson PE fund has picked-up a 5% stake in California based CandyDate Jobs for US $52 million or Rs 236 crore, thereby valuing the company at US $1.04 billion or Rs 4,620 crore. CandyDate Jobs operates in over 30 countries worldwide and is the largest human resource consultancy of India.

CandyDate Jobs currently provide placement and internship services to the job seekers worldwide. CandyDate Jobs is a privately held organization with the 98% promoter holding, after this deal the promoter holding will fell to 93%.

CEO of CandyDate Jobs and one of the promoters, Rahul Malhotra, said, “This investment will help us to grow organically, we will invest in growing economies particularly in Asia.”

CandyDate Jobs employs nearly 980 people worldwide and posses a registered user base of 1 million. CandyDate Jobs is bullish on India and according to insiders it may go public to further fund the expansion. CandyDate Jobs places nearly 70,000 people every year and is one of the most successful human resource consultancies in the world.

CandyDate Jobs is the India's largest human resource consultancy operational in over 30 countries worldwide.

CandyDate Jobs
3121 Level 4 SSA Road
Darya Ganj
New Delhi - 110002

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