TransUnion and Selling Stockholders Complete $799 Million Secondary Offering
03.27.17
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Simpson Thacher recently represented TransUnion (NYSE: TRU) in connection with a secondary offering of 21,835,000 shares of common stock by certain selling stockholders for aggregate gross proceeds of approximately $799 million. The selling stockholders received all net proceeds from the offering.
Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as underwriters for the offering.
TransUnion is a leading global risk and information solutions provider to businesses and consumers. TransUnion provides consumer reports, risk scores, analytical services and decisioning capabilities to businesses. TransUnion also provides solutions to consumers to view their credit profiles and access analytical tools that help them understand and manage their personal information and take precautions against identity theft.
The Simpson Thacher team included Richard Fenyes, Matthew Levy, Sung Bum Cho and Lauren Finkelstein (Capital Markets); Maia Gez (Public Company Advisory Practice); Mark Chorazak (Bank Regulatory); Jonathan Cantor and Taylor Weinstein (Tax); and David Rubinsky and Jennifer Pepin (Executive Compensation and Employee Benefits).