Akin Gump Advises Apollo Global Management in Acquisition of CareerBuilder

(New York) – Certain affiliates of investment funds managed by affiliates of Apollo Global Management, LLC, the Ontario Teachers’ Pension Plan Board and CareerBuilder, LLC announced today that they have entered into a definitive agreement, pursuant to which an investor group led by Apollo along with Ontario Teachers’ will acquire a majority of the outstanding equity interests in CareerBuilder. CareerBuilder’s current owners—TEGNA Inc.; Tribune National Marketing Company, LLC; and McClatchy Interactive West—will retain a minority interest. Akin Gump advised Apollo in the matter.

The proposed transaction is expected to close in the third quarter of 2017, subject to regulatory approvals and customary closing conditions. Apollo’s investment is being made by the Apollo-managed Special Situations I fund.

The Akin Gump team advising Apollo was led by corporate partners Adam Weinstein and Tony Feuerstein and counsel Eli Miller. They were joined by corporate counsel Michelle Chan, associates Chase Mechanick and Ross Karlik, and law clerk Jason Sison, and tax partner Patrick Fenn and senior counsel Jonathan Ciner.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East. 

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