Latham & Watkins Represents CareerBuilder + Monster in Court-Approved Sale Transactions

CareerBuilder + Monster, a global talent marketplace and workforce solutions leader, announced it has received approval from the US Bankruptcy Court for the District of Delaware to consummate the following transactions in connection with the company's previously announced voluntary Chapter 11 sale process:

• BOLD, a global career-technology company focused on transforming work lives, will acquire the company's job board business, retain the rights to the Monster and CareerBuilder brands, and extend employment offers to at least 350 globally distributed company employees
• Iron Corp U.S. Inc., an affiliate of a large privately held investment company, will acquire Monster Media Properties
• PartnerOne, a global technology leader and one of the fastest growing enterprise software groups in the world, with a proven track record of acquiring and growing government software companies, will acquire Monster Government Solutions

The sales were approved following a robust auction, where the aggregate purchase price for the three winning bids nearly doubled the company’s stalking horse bids.  All three transactions are subject to certain customary closing conditions and are expected to close in the coming days. CareerBuilder + Monster is continuing to operate its businesses through the completion of each transaction.

Latham & Watkins LLP represents CareerBuilder + Monster in its Chapter 11 sale process with a Restructuring & Special Situations team led by New York partners Ray C. Schrock and Candace M. Arthur and London partner Jessica Walker, with associates Jonathan Gordon, Allie Lisner, Alex McKenzie, John Zhang, Ben Russell, and Montana Licari. Advice on corporate matters was provided by New York partners Rick Press and Michael Anastasio, and New York counsel Ben Kaplan and Richard Quay, with associates Christopher Lim, Victor Wang, Josh Barkow, Shoumick Hasan, Mary Ann Gallucci, Blake Clevenger, Jennifer Danilenko, Alice Han, and Wendy Li, and Jennifer Danilenko; on tax matters by Chicago partner Joseph Kronsnoble, with associates Lukas Kutilek and Joyce Shin; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associates Ryan Clore and Julian Savelski; on antitrust matters by San Francisco partner Joshua Holian, with associate Doug Tifft; on executive compensation, employment, and benefits matters by Washington, D.C. partner Erin Murphy and New York counsel Rifka Singer; on CFIUS matters by counsel Catherine Hein; on banking matters by New York partner Scott Ollivierre, with associate Kate Waterman; on data privacy matters by Houston partner Robert Brown, with associate Stuart Cobb; on real estate matters by counsel Jeffrey Anderson; on labor and employment matters by Chicago partner Nineveh Alkhas and counsel Laura Waller; and on insurance matters by San Diego partner Drew Gardiner.