Lead FP&A Manager

Affiliate of Pacific Avenue Capital Partners to acquire Care.com from IAC. LOS ANGELES, CA, March 2, 2026 (Newswire.com) - Pacific Avenue Capital Partners ("Pacific Avenue"), a Los Angeles-headquartered private equity firm focused on corporate carve-outs and other complex transactions in the middle market, today announced that an affiliate of Pacific Avenue has entered into an agreement to acquire Care.com from IAC Inc. (NASDAQ:IAC). Care.com is a leading platform and brand in the growing $400 billion market for family care, anchored by the largest online network of background-checked child and senior caregivers in the U.S. Care.com operates both a scaled consumer marketplace and an enterprise benefits platform. Since 2007, more than 45 million people have turned to Care.com to find child care, senior care, pet care and housekeeping support. Care.com also partners with more than 700 employers, including many of the Fortune 100, to deliver care-related benefits that combine access to the Care.com platform and comprehensive backup care solutions provided in-home, in-center and through camps and activities, along with a broader suite of care support solutions. As a standalone company, Care.com will accelerate its enterprise expansion while continuing to strengthen its consumer marketplace. With Pacific Avenue's investment and support, the Company will move faster on product innovation, scale its employer partnerships, and enhance the platform experience for the millions of families and caregivers who rely on it. "We are thrilled to announce the Care.com transaction, the first investment in Pacific Avenue Fund II. The transaction aligns perfectly with Pacific Avenue's track record of executing corporate carve-outs to acquire market-leading businesses. Care.com is an industry leader with a brand built on trust, a strong reputation, and a proven leadership team. Care.com has a clear path for growth as an independent, standalone company. We're excited to work with Brad, Michelle, and the Care.com team to unlock the company's full potential in serving families, caregivers, and its enterprise partners." - Chris Sznewajs, Founder and Managing Partner of Pacific Avenue "Caregiving is foundational to how families live and how businesses operate," said Brad Wilson, CEO of Care.com. "This partnership allows us to deepen our support for families and caregivers while expanding the ways we serve employers who recognize that caregiving is a workforce issue. We're entering this next chapter with strength, clarity, and a renewed commitment to building the most beloved platform for care." "Care.com enters this next chapter with a profitable foundation. This transaction positions us to further invest in our platform, expand our employer partnerships, and scale efficiently while maintaining the financial discipline that has strengthened our performance," said Michelle Arbov, Chief Financial Officer of Care.com. The transaction is subject to customary closing conditions and is expected to be completed in the first half of 2026. Moelis & Company LLC served as exclusive financial advisor to Pacific Avenue. Weil, Gotshal & Manges LLP served as legal advisor to Pacific Avenue. KPMG LLP provided accounting and tax advisory services. J.P. Morgan Securities LLC acted as exclusive financial advisor to IAC and Latham and Watkins LLP served as legal counsel to IAC. About Pacific Avenue Capital Partners Pacific Avenue Capital Partners is a global private equity firm headquartered in Los Angeles with an office in Paris. The firm is focused on corporate divestitures and other complex situations in the middle market. Pacific Avenue has extensive M&A and operations experience, allowing the firm to navigate complex transactions and unlock value through operational improvement, capital investment, and accelerated growth. Pacific Avenue takes a collaborative approach in partnering with strong management teams to drive lasting and strategic change while assisting businesses in reaching their full potential. Pacific Avenue has approximately $3.8 billion of Assets Under Management (AUM) as of September 30, 2025. For more information, please visit www.pacificavenuecapital.com. Contact Information

Care.com launches first-ever Senior Care Advisor tool, helping families navigate critical decisions with confidence. Dallas, TX (BUSINESS WIRE) - Care.com, one of the largest online marketplaces to find family care and a pioneer in senior care since its launch in 2007, today announced the launch of its Senior Care Advisor service. Building on its long-standing expertise in family care, the service is a first-of-its-kind offering on the Care.com digital platform and the most robust senior care advisory service available in the market. The new service gives families direct access to master's-level social workers who help them develop a comprehensive, individualized care plan - designed to simplify one of life's most complex and emotional decisions. According to The Caregiving in the U.S. 2025 report by AARP and the National Alliance for Caregiving, 63 million Americans are providing ongoing care. "That is one too many families left to face the caregiving process alone. We're changing that," said Brad Wilson, CEO of Care.com. "Care.com has powered caregiving with technology for nearly two decades. Now, we're focused on being more human than ever, providing expert one-on-one guidance when it matters most. It's a new standard for how care planning should feel: less like navigating a maze, more like finding a path forward." When using Care.com's Senior Care Advisor tool, families can expect: * A comprehensive senior care navigator with dedicated, step by step guidance, from finding in-home care and senior living communities to managing complex situations, such as home safety, benefits, family dynamics, and connections to trusted local resources. * One-on-one consultations with a master's-level social worker to develop a tailored plan, factoring in medical, financial, emotional, and logistical considerations. * Personalized recommendations - no referral fees or provider commissions, ensuring recommendations are truly in the family's best interest. * 90 days of ongoing support, with advisors conducting in-depth research to assess quality and recommend the best fit, saving families time. * 90 days of Care.com Premium Membership, giving families the ability to hire in-home caregivers and manage other household needs directly through the platform. Families report that the service saves them an average of fourteen hours of manual research. One customer who trialed the Care.com Senior Care Advisor service earlier this year shared: "Our advisor is an exceptionally knowledgeable, skilled, and compassionate counselor and gives me the sense that I can manage nearly impossible situations. Everybody undertaking eldercare needs an advisor in their corner." Today's announcement is just the beginning. Care.com plans to offer additional self-guided tools to help families quickly identify the right care options and next steps. The service is priced as a flat, one-time fee - a model suited to families who need support during a particular stage of the caregiving journey. For additional information, click here. About Care.com Care.com is where families go to find care and where caregivers go to find meaningful work. Since 2007, over 45 million people have turned to Care.com - across child care, senior care, adult care, pet care and housekeeping. Whether it's a nanny for your newborn, an assisted living community for your aging loved one, or an adventure buddy for your dog's daily strolls, Longtermcareprovider is here to make care simpler, smarter and more personal. Through Care for Business, Care.com also empowers over 700 companies to provide family care benefits to their employees. With HomePay, Longtermcareprovider make it easier for families to manage household taxes and payroll. Care.com is proud to be part of the IAC family (NASDAQ: IAC).

Nearly $600,000 will be dispersed to thousands of Texans after the Federal Trade Commission and Care.com reached a settlement to address what the agency called "unlawful practices," including misleading job seekers and job posters who use the site, though the company denied the allegations.