AGC Partners Advises Hcareers on Its Sale to Virgil Holdings

Transaction Details

AGC Partners is pleased to announce that its client, DHI Group, Inc. (NYSE: DHX), a leading online career resource and talent acquisition platform for technology professionals and other select professional communities, announced on May 23rd that it sold its hospitality business, Hcareers, to Virgil Holdings, Inc. for approximately $16.5 million in cash. The transaction closed on May 23, 2018 and DHI will use the proceeds in accordance with its stated capital allocation strategy, including the reduction of the balance on its revolving credit facility, support of strategic initiatives and potential return of capital to shareholders. The acquisition gives Virgil Holdings a broader platform within the hospitality industry to further deploy its career navigation, training, and recruiting services. With a team led by Elena Marcus and Greg Roth, AGC Partners acted as the exclusive financial advisor to DHI.