H&Q invests $90m Monster-owned JobKorea

"H&Q Korea's investment underlines our strategy of focusing on companies with leading market position, solid growth potential and profitability," said Jung Jin Lee, Managing Partner, H&Q Korea, in a statement.

"The combination of JobKorea's unique and industry-leading technology with their strong management team has convinced us that this is a great opportunity to partner with Monster and contribute to the growth of this successful business."

The transaction is expected to close in late 2013.

Founded in 1996, JobKorea was an early mover in the country's online recruitment advertising space and was acquired by Monster in 2005. The company has 11 million registered users and 2.8 million listed companies.

Its most recent innovation is Welldone.to, a social networking platform that allows users to create their own profiles and offer recruiters a means of assessing potential employees outside the confines of a standard resume.

Mid-market focused H&Q Korea was set up in 1998 and has raised three country-specific funds in the last eight years with total committed capital of KRW1.3 trillion ($1.2 billion). It is an affiliate of H&Q Asia Pacific.

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• Topics
• Expansion
• North Asia
• Support services
• Growth capital
• H&Q Asia Pacific
• South Korea
• Appointments