IAC Sells Care.com to Pacific Avenue for $320 Million
Los Angeles, Wednesday, 18 March 2026.
Pacific Avenue Capital Partners has acquired Care.com for $320 million. This strategic transaction finalizes IAC’s exit from the caregiving market, resulting in a notable $180 million loss.
Pacific Avenue’s Strategic Carve-Out
On the other side of the negotiating table, the acquisition represents a milestone for Pacific Avenue Capital Partners. Headquartered in Los Angeles with an additional office in Paris, the private equity firm specializes in complex corporate carve-outs and reported approximately $3.8 billion in assets under management (AUM) as of September 30, 2025 [1]. The transaction was facilitated through Care Parent, LLC, an indirect, wholly owned subsidiary of Pacific Avenue [2][3][5][6]. According to Chris Sznewajs, Founder and Managing Partner of Pacific Avenue, Care.com serves as the inaugural investment for the firm’s Pacific Avenue Fund II, aligning perfectly with their mandate to acquire market-leading businesses with robust fundamentals [1].
Advisory and Legal Framework
Executing a $320 million corporate carve-out requires a sophisticated advisory framework [2][4]. Pacific Avenue engaged Moelis & Company LLC as its exclusive financial advisor, with Weil, Gotshal & Manges LLP serving as legal counsel and KPMG LLP handling accounting and tax advisory services [1][4]. IAC, meanwhile, retained J.P. Morgan Securities LLC as its exclusive financial advisor and Latham and Watkins LLP as legal counsel to navigate the divestiture [1][4]. With the legal and financial frameworks settled and full ownership legally transferred, Care.com will now embarks on its independent growth trajectory outside of IAC’s corporate structure [5].
Sources
- www.newswire.com
- www.investing.com
- www.theglobeandmail.com
- www.marketscreener.com
- www.stocktitan.net
- www.tipranks.com