Poland: BSJP advises on investment agreement between No Fluff Jobs Sp. z o.o. and Ringier Axel Springer Media AG
BSJP Brockhuis Jurczak Prusak Sroka Nilsson Sp. k. law firm has advised No Fluff Jobs Sp. z o.o. on legal issues connected with taking over by Ringier Axel Springer Media AG of 44 percent of shares in No Fluff Jobs, the operator of a job classifieds platform focusing on the IT sector.
No Fluff Jobs Sp. z o.o. is the operator of nofluffjobs.com, a platform for publishing job ads targeted at specialists in the IT sector. For each ad, it is compulsory to provide salary brackets as well as many other information on the position offered: from the technical stack to employee benefits. – No Fluff Jobs convinced us with their unique approach and the passion of the team for changing the standards of IT job recruiting. We are very happy to become the partner of a Polish job classifieds company and thereby expand the group of job classifieds portals at Ringier Axel Springer Media. Save for our successful news media portfolio, it is classifieds that are gaining more and more importance within the group – justifies Mark Deca, CEO of Ringier Axel Springer Media AG. Nofluffjobs.com has been operating on the market for nearly four years now. To date, over 1,500 companies published more than 10,000 job ads on the site. According to Google Analytics, in the last 12 months, nofluffjobs.com reached a total of over 5.5 million page views and around 650,000 visitors. The seat of the company will still be located in Gdynia.
'Thank you very much to BSJP law firm, and in particular to Dag Nilsson for the commitment and effort put into advising our company. His knowledge, experience and pragmatism have proven invaluable during the works on the transaction' – says Tomasz Bujok, CEO of No Fluff Jobs Sp. z o.o. Legal advisory services rendered to No Fluff Jobs by BSJP consisted, in particular, of consultancy in the process of negotiation of the investment agreement, shareholders’ agreement and the remaining transactional documentation. The firm’s team included legal counsel Dag Nilsson, acting as the team leader, and legal counsel Aleksandra Owczarz.