Pale Fire Capital has increased its stake in the job portal JenPráce.cz to 80%, capitalizing on its significant growth and unique market positioning.

Information on the Target

Pale Fire Capital has increased its stake in the job portal JenPráce.cz to 80%. This surge in ownership comes after the site experienced a remarkable 140% year-on-year growth in traffic during the first quarter of 2022 compared to the same period in 2021. The growth can be attributed to a strong collaboration between the founders and investors, resulting in the establishment of a robust structure alongside a new management team. JenPráce.cz now attracts over 1 million visitors monthly and boasts nearly 900,000 Facebook users, making it one of the top three job portals in the Czech Republic.

In the first quarter of 2022 alone, JenPráce.cz offered around 30,000 job positions, with an average of over 200 applicants for each position. With an average of over 10 applicants, and often hundreds for the most attractive roles, JenPráce.cz is at the forefront of effective personnel marketing. According to Anna Kevorkyan, the new CEO of JenPráce.cz, their goal has always been to provide high-quality services to companies by creating targeted campaigns and utilizing their proprietary algorithm to effectively reach the right candidates while keeping costs reasonable.

Industry Overview in the Target’s Specific Country

The job portal market in the Czech Republic has evolved significantly over the past decade, with increasing competition driven by technological advancements and changing hiring practices. Digital platforms have become essential for both job seekers a