Santamarina y Steta advises OCC Mundial in the acquisition of Empleolisto
Mexico City, Mexico, August 26th, 2016. The Mexican law firm Santamarina y Steta advised Online Career Center México, S.A.P.I. de C.V. (OCC Mundial), in the acquisition of Empleolisto. Both companies closed the deal last week.
With this operation, OCC Mundial will consolidate its job offering in the operative segment. Both websites will continue their independent operations. However, Empleolisto.com.mx will offer point of sale positions mainly, while OCC Mundial will focus its operations on a more professional target audience.
The merger of this two companies will add up to approximately 12.5 million users in Mexico and will consolidate a job board that will promote openings from more than 60 thousand companies that are, currently, active clients of OCC Mundial and Empleolisto.
In order to consolidate the purchase, Santamarina y Steta was appointed to prepare the contracts and negotiations from the beginning to the end of the process. Jorge León Orantes, partner of the firm and team leader in the OCC Mundial case, said that "the transactional part comprised a complex sale of assets. It involved the industrial property, technology, software and data protection areas, which required expertise and detailed knowledge of these issues. Also, the operation required binational documentation under the Mexican and US laws".