Deal Detail

Sterling Check Corp. to First Advantage Corporation

EV / LTM EBITDA

11.9x

EV / LTM Sales

Enterprise Value

Primary Source

Goldman Sachs

Comparable Transactions

Business Services transactions announced in the five years to February 2024. 3 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Feb 2024	HireRight Holdings Corporation	General Atlantic, L.P. and Stone Point Capital LLC	-	-	9.3x	Financial
Jul 2021	Oxford Global Resources, LLC	H.I.G. Capital, LLC	-	-	11.2x	Financial
Jan 2021	Perspecta Inc.	Peraton Inc.	-	-	10.0x	Strategic
	Mean			-	10.2x
	Median			-	10.0x

Source-specific multiples and notes for this transaction.

Comp	Primary?	Source Type	Source	Source Advisor	Source Year	EV (USD)	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
	Primary	fairness opinion	CBZ FO	Goldman Sachs	2026	-	-	11.9x	-	-	Open