Caisse de dépôt, Goldman Sachs to jointly buy SterlingBackcheck
The Caisse de dépôt et placement du Québec and the Merchant Banking Division of Goldman Sachs have agreed to jointly buy a majority stake in SterlingBackcheck, an employment background screening business based in New York. The financial terms of the proposed transaction were not disclosed. As a result of the acquisition, Calera Capital, a U.S. private equity firm that invested in the company in December 2010, will be replaced as its lead investor. Founded in 1975, SterlingBackcheck said the new partnership with the Caisse and Goldman Sachs will support the next phase of its global growth.
9 June 2015•4 mins read
