First Advantage Corporation

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

First Advantage Corporation - overview

Established

2003

Location

Atlanta, GA, US

Primary Industry

Outsourcing

About

Based in Georgia, US, and founded in 2003, First Advantage Corporation. a. k. a.


First Advantage operates as a developer and provider of a background check platform. In May 2020, Silver Lake acquired the company from Symphony Technology Group. In June 2021, the firm went public on the Nasdaq Global Select Market under the ticker symbol FA, and in November 2021, First Advantage Corporation raised USD 300 million in its latest public offering, selling 15 million shares at USD 20 per share. As of 2021, Scott Staples is the CEO of the company, and it employs 5,100 employees across 16 countries.


First Advantage Corporation provides background screening software suites that include criminal background checks, drug and alcohol testing, health screening, education, and employment verifications, social media tracking, driver compliance, analytics and reporting, executive screening, fingerprinting, and investigative research, as well as resident screening services. The company's technology is mostly used by multinational corporations and fast-growing businesses for employee pre-onboarding, as well as by various housing providers for tenant screening, allowing them to make risk-free decisions and remain compliant. In the three months ended September 2021, First Advantage Corporation generated revenue of USD 192. 9 million, and in the year ended December 2020, it generated revenue of USD 509 million.


Current Investors

Silver Lake

Primary Industry

Outsourcing

Sub Industries

Human Resources Services, Analytics & Performance Software, Application Integration Software, HR & Workforce Software, Monitoring & Security Software

Website

www.fadv.com

Verticals

Research (Non-Medical)

Company Stage

Mature

Total Amount Raised

Subscriber access only

First Advantage Corporation - financials

Fiscal Year EndedNov 25, 2019Nov 25, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025
Revenue (USD)--712,295,000810,023,000---
% Revenue Growth (YoY)-------
EBITDA (USD)125,000,000-212,574,000234,328,000---
Operating Income (USD)--63,823,00094,278,000---
Operating Margin--9.0%11.6%---
% EBITDA Margin--29.8%28.9%---
NET Income (USD)--16,051,00064,604,000---
% Net Margin--2.3%8.0%---

First Advantage Corporation - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedSterling Talent Solutions-
Add-on, Trade SaleCompletedInfinite ID LLC-
Add-onCompletedForm I-9 Compliance, LLC-
Private Placement/Follow onCompletedFirst Advantage Corporation-
Add-onAnnouncedCorporate Screening Services, Inc.-

Displaying 1 - 5 of 9

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.