11/11/2020
Citizens Advises CareerBuilder on its Sale of Textkernel
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 Textkernel B.V., a software company delivering AI-powered technology, to Main Capital Partners, a strategic investor with an exclusive focus on enterprise software companies in Northwestern Europe. CareerBuilder is owned by Apollo Global Management and Ontario Teachers' Pension Plan Board.
Textkernel is an international leader in semantic recruitment technology offering multilingual CV parsing, job parsing and semantic search, sourcing and matching software. Textkernel’s technology helps companies improve the candidate experience and find the best talent, allowing them to fill jobs faster.
Gerard Mulder, CEO at Textkernel said: “Citizens M&A Advisory’s experience and network within the HR technology industry was crucial in positioning our business, telling our unique story and finding the right partner. From preparing marketing materials to transaction execution, the Citizens team added significant value to our deal.”
“We were thrilled to have worked with Gerard and the team on this transaction—the second we’ve advised on for CareerBuilder,” said Scott Rhodes, managing director at Citizens. “Main Capital will support the continued development of Textkernel’s technology platform and its aggressive growth plans. Furthermore, CareerBuilder’s talent acquisition platform will benefit from a multi-year strategic partnership with Textkernel.”
Citizens has advised on five M&A transactions for HR technology companies in 2020, making it one of the most active advisory groups serving this 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 145 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 $179.2 billion in assets as of September 30, 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 2,700 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.
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The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.
