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Accurate Background Closes Acquisition of CareerBuilder Employment Screening
Monday 30 March 2020

California-based automated workforce screening solutions company Accurate Background has closed the acquisition of background screening and drug testing provider CareerBuilder Employment Screening (CBES) from CareerBuilder to strengthen Accurate's pre-and post-employment screening leadership services, the company said.

Financial terms of the transaction were not disclosed.

The transaction will be supported by an investment from the Apax Digital Fund, the technology-focussed growth equity fund advised by global private equity advisory firm Apax Partners.

The combined entity will operate under the Accurate Background brand focussed on technology innovation, customer service, candidate experience and delivery at scale. CareerBuilder will continue to offer Accurate's employment screening services to clients.

Accurate Background is a provider of compliant, automated workforce screening solutions.
CareerBuilder is a global technology company that provides end-to-end talent acquisition solutions to help employers find, hire and onboard talent, and helps job seekers build new skills and progressive careers.

The Apax Digital Fund specialises in growth equity and buyout investments in high-growth enterprise software, consumer internet, and technology-enabled services companies worldwide.

Barclays and Stifel served as financial advisors to Accurate and the Apax Digital Fund. Latham and Watkins, LLP and Simpson Thacher and Bartlett served as legal advisors to Accurate and the Apax Digital Fund, respectively.

PJT Partners and Bowstring Advisors, a division of Citizens Capital Markets, are serving as financial advisors and Sidley Austin LLP is serving as legal advisor to CareerBuilder.
Date Published: 30/03/2020