Simpson Thacher represented Bumble Inc. in connection with a secondary offering of Class A common stock by certain selling stockholders affiliated with Blackstone Inc. and its founder, Whitney Wolfe Herd. The offering of 13,750,000 shares of Bumble Inc. Class A common stock raised approximately $300 million in gross proceeds, with the selling stockholders receiving all of the proceeds from the offering.
Bumble Inc. (Nasdaq: BMBL) is the parent company of Bumble, Badoo, and Fruitz. The Bumble platform enables people to connect and build equitable and healthy relationships. Founded by CEO Whitney Wolfe Herd in 2014, Bumble was one of the first dating apps built with women at the center and connects people across dating (Bumble Date), friendship (Bumble BFF) and professional networking (Bumble Bizz). Badoo, which was founded in 2006, is one of the pioneers of web and mobile dating products. Fruitz, founded in 2017, encourages open and honest communication of dating intentions through playful fruit metaphors.
The Simpson Thacher team included William Golden, Katharine Thompson, Patrick McCamy, Evan Hunt, Samantha Sergent and Brice Stewart (Capital Markets); Jennifer Nadborny and Bettina Elstroth (Public Company Advisory Practice); Mimi Cheng, Christina O’Connell, Sophie Kim and Eszter Boldis (Credit); Gregory Grogan, Caitlin Lucey and Megan Arrowsmith (Executive Compensation and Employee Benefits); Andrew Purcell and Sophie Staples (Tax); Jessica Cohen, Melanie Jolson and Kate Mirino (Intellectual Property); and Jennie Getsin (FINRA).