RPC has acted for DMG Media, the consumer media arm of the Daily Mail and General Trust plc (DGMT), on the sale of its job board business, Jobsite to StepStone, an Axel Springer business.  Deal sees the sale of Jobsite and completes the divestment of the Evenbase portfolio

The sale is part of a series of recent divestments by DMG Media on which RPC has advised, and is the final component of its disposal of Evenbase. The aggregate consideration for the Evenbase sale is expected to be £150m. Completion of the Jobsite transaction is subject to approval by the Competition and Markets Authority.

RPC dedicated a team to act for long standing client DMG Media, which was led by Head of Corporate Tim Anderson and Senior Associate Nick Richards.

Commenting on the recent deal, Tim said: "We managed to complete the disposal of Evenbase in just under three months reflecting increased market confidence that seemed to begin at the start of 2014. This deal represents a turning point for DMGT as it exits the digital recruitment market."

The other Evenbase businesses sold earlier this year were OilCareers, Broadbean, and Jobrapido.

News of the sale comes as DMGT also announced its plan to list property search website, Zoopla on the London Stock Exchange in June. RPC acted for DMGT on its acquisitions of the  property portals Findaproperty.com and Primelocation.com and the subsequent merger of those businesses with Zoopla in 2012.