Transaction Highlights

Client: First Advantage

Type: M&A

Value: US $2.2 billion

RBC's role: Financial Advisor


First Advantage, a leading provider of employment background screening, identity, and verification solutions, acquired Sterling Check, a provider of background screening and identity services. Consideration included $1.2 billion in cash and 27.2 million shares of First Advantage common stock, valuing Sterling at approximately $2.2 billion, including Sterling’s outstanding debt.

RBC acted as Joint Bookrunner on the transaction.

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