Citizens M&A Advisory Advises CareerBuilder on Sale of Automated Workforce Screening Biz to Accu

Citizens M&A Advisory served as co-lead advisor to CareerBuilder, a global technology company that provides end-to-end talent acquisition solutions, on its sale of CareerBuilder Employment Screening to Accurate Background, a leading provider of automated workforce screening solutions. Accurate received an investment to support the acquisition from Apax Digital Fund, the technology-focused growth equity fund advised by Apax Partners. CareerBuilder Employment Screening is a leading provider of employment screening solutions, including background checks, drug testing and I-9 compliance. CareerBuilder is owned by Apollo Global Management and Ontario Teachers' Pension Plan Board. Irina Novoselsky, CEO of CareerBuilder, said: “We were pleased to work with Citizens M&A Advisory on the carve-out of CareerBuilder Employment Screening. We valued their knowledge of the HR technology industry, assistance in communicating our exciting growth story to potential buyers and the creation of a strategic partnership with the ultimate buyer that will continue to benefit our organization.” “It was a pleasure working with Irina and the rest of the management team at CareerBuilder,” said Scott Rhodes, managing director and Software practice lead at Citizens. “They did an extraordinary job building a highly respected brand. We believe their innovative solutions and strong core values will continue to drive future growth." The transaction was led by Rhodes with support from Dillon Bowles, managing director at Citizens Financial Group. Citizens has advised on seven recent M&A transactions for HR technology companies, making it one of the most active advisory groups serving the sector. FULL ARTICLE

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