July 2016

Transaction Background

Milkround Online Limited (“Milkround”) was launched in 1997 by its founder, taking its name from what was traditionally called the milk round season where companies did tours to universities to promote and advertise their job opportunities directly to students.

Milkround was acquired by News UK in 2006 and it has been the leading graduate recruitment site in the UK for the last decade, with longstanding relationships with the leading recruiters, including most of The Times 100 Employers.

In 2014, it launched the School Leavers proposition allowing Milkround not only to better service its existing client base but also attract new clients in an immature and growing market.

Our Role

Following a strategic review by News UK, Clarity was appointed as sole corporate finance advisor.

Clarity advised News UK on all aspects of the sale including identifying and marketing to prospective acquirers globally, overall deal strategy, leading negotiations with bidders and ultimately closing the transaction with the preferred party.

The sale of Milkround represents the second transaction successfully completed by Clarity for News UK.

“Clarity were once again instrumental in making the transaction happen. This was the second time we’ve used Clarity, they are a great team, pragmatic, commercial and good at knowing what matters and how to bring the deal to a close.”

Christopher Longcroft
Chief Financial Officer, News UK