Close Brothers Corporate Finance advised Milkround.com on the successful disposal of the business to News Corporation for an undisclosed sum. Milkround.com was acquired by News Corporation to bolster their existing online offering.
Milkround.com is a leading UK online graduate recruitment company linking graduates from the top fifty universities with blue chip recruiters from a variety of sectors. Milkround was launched in 1996 and has developed an excellent reputation amongst employers, consistently being rated as one of the UK’s most effective graduate recruitment sites.
Commenting on the transaction, Les Hinton (Executive Chairman, News International) said:
“Tom Hughes and the management of Milkround have developed a fantastic business which enables the best undergraduates to achieve their first step on the career ladder.”
Milkround.com joins Myspace.com in News Corporation’s growing portfolio of online assets.
Richard Madden, Head of Media at Close Brothers commented:
“Milkround.com has a great future within News Corporation and this new ownership will provide Milkround.com with the platform to flourish and capitalise on its strong market position. We wish Tom and his team all the best.”
The Milkround.com team at Close Brothers was Richard Madden, Jonathan Arrowsmith and Michael Hart. To contact them please call Close Brothers on +44 (0)20 7655 3100.