And investor group that includes the Ontario Teachers’ Pension Plan Board has completed its acquisition of a majority of the outstanding equity interests in global human resources company CareerBuilder.
The transaction, which is in partnership with affiliated funds of Apollo Global Management, was announced in June. CareerBuilder’s current owners, Tegna Inc., Tribune Media Co. and McClatchy Interactive West will retain a minority interest in the company.
Read: Ontario Teachers’ to acquire equity interest in global HR company
“CareerBuilder is a global leader in human capital solutions, and we are excited to work with the company in the next phase of its growth and development,” said David Sambur, senior partner at Apollo.
Matt Ferguson, chief executive officer of CareerBuilder, noted this is an exciting next chapter for CareerBuilder. “We are very proud of the work we did during our partnership with Tegna, Tribune and McClatchy, and we look forward to collaborating with Apollo and Ontario Teachers’ to continue the successful transformation of our business.”