We are delighted to announce that a 70% stake in Drushim – one of the leading job classifieds sites in Israel – has been sold to Yad2, a subsidiary of Axel Springer Digital Classifieds (“ASDC”). The Tel Aviv based company has demonstrated exceptional growth since being founded in 2006, and now represents a key source of job candidates for many large companies in the region with over 10,000 active listings.
NOAH Advisors acted as exclusive financial advisor to Drushim and its shareholders on the transaction. This follows NOAH Advisors’ role as exclusive financial advisor to Yad2 and its shareholder Walla! in its 100% sale to Axel Springer in May last year.