The Ontario Teachers’ Pension Plan Board is acquiring a majority of the outstanding equity interests in global human resources company CareerBuilder.
The proposed transaction, which is in partnership with affiliated funds of Apollo Global Management, is expected to close in the third quarter of 2017. CareerBuilder’s current owners — Tegna Inc., Tribune National Marketing Co. and McClatchy Interactive West — will maintain a minority interest.
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“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 of CareerBuilder, added the company is looking forward to collaborating with Apollo and Ontario Teachers’ to continue the transformation of its business.