Latham & Watkins Advises IAC on Sale of Care.com

IAC (NASDAQ: IAC) announced that it has entered into a definitive agreement with an affiliate of Pacific Avenue Capital Partners, a global private equity firm specializing in corporate carve-outs in the middle market, in which the affiliate would acquire Care.com, one of the largest online marketplaces for finding family care and care jobs and wholly owned subsidiary of IAC, pursuant to which Pacific Avenue has agreed to purchase all of the issued and outstanding shares of Care.com, Inc. capital stock in an all cash transaction with a gross purchase price of approximately US$320 million. The transaction is expected to close in the first half of 2026.

Latham & Watkins LLP represents IAC in the transaction with a corporate deal team led by New York partners Amber Banks and Thomas Engelhardt, with associates Daniel Weissman, Cassidy Rowe, and Owen Brody, and with assistance from Max Siegel II. Advice was also provided on tax matters by Bay Area partner Katharine Moir, with associates Dominick Constantino and Lucas Migliano; on benefits and compensation matters by Washington, D.C. partner David Della Rocca and New York partner Megan Alessi, with associate Bryce Groce; on labor matters by New York partner Sandra Benjamin, with associates Jocelyn Wexler* and Alexis Pinzon; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associate Kellye Quirk; on data privacy and cybersecurity matters by Washington, D.C. partner Clayton Northouse, with associate Austin Anderson; on US antitrust matters by Washington, D.C. partners Mandy Reeves and Farrell Malone, with associate Rebecca Frumento; on HSR matters by Washington, D.C. partner Patrick English; on regulatory matters by Washington, D.C./Los Angeles partner Paul Rosen and Washington, D.C. counsel Ruchi Gill, with associate Adam Schupack; on non-US antitrust matters by Brussels partner Héctor Armengod and Hamburg partner Jana Dammann de Chapto, with associate Enno Mensching; and on finance matters by Washington, D.C. partner Jennifer Kent, with associate Mei Randall.