04/22/2020
Citizens M&A Advisory Advises CareerBuilder on its sale of CareerBuilder Employment Screening to Accurate Background
PROVIDENCE, RI – 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.
Citizens M&A Advisory specializes in middle-market mergers and acquisitions as well as later-stage financing transactions. Citizens combines sector intelligence with a client-focused approach to realize our clients’ true value. The Citizens team has closed more than 130 transactions in the last five years and has more than 80 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $176.7 billion in assets as of March 31, 2020. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,800 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
