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New Deal


Announced

First Advantage to acquire Sterling Check for $2.2bn.

Financials

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Transaction Value£1,738m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium35%
One Off Charge-

Tags

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Single Bidder

Friendly

Pending

United States

Security Services

Acquisition

Majority

background screening services

Domestic

Public

Synopsis

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First Advantage, a provider of employment background screening, identity, and verification solutions, agreed to acquire Sterling Check, a provider of background screening and identity services, for $2.2bn. “We are thrilled to announce the acquisition of Sterling, demonstrating our commitment to delivering high-quality, cost-effective employment background screening and identity verification solutions that enhance value for customers by helping them hire smarter and onboard faster, while also positioning First Advantage for long-term value creation,” Scott Staples, First Advantage Chief Executive Officer.

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