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CareerBuilder
activeTechnology / Employment — Apollo Global Management
Deal Terms
Entry Year2017
Entry EV$1B
Entry Multiple5x
Leverage6x
Debt Amount$0.6B
Risk Metrics
LTV (est.)60%
Debt / EV0.60x
Notes
Apollo acquired majority stake from media companies (Gannett/Tribune/McClatchy) for ~$1B (2017). Indeed and LinkedIn had already destroyed CareerBuilder's market position. Apollo's playbook: cut costs, raise prices on captive employers. Revenue declining. Staff gutted. Classic PE strategy of buying declining internet businesses and squeezing remaining value.